Friday November 27, 2020

The lure of London town

The English capital attracted some of Ireland's highest of high rollers during the boom, but investors now see it as a safe if expensive haven, writes Philip Connolly.

3rd February, 2013
London is seen by many investors as 'a safe haven to preserve wealth', according to one expert. Photo: Getty

London has long been a popular destination for Irish money, and many Irish property developers and investors looked towards the British capital during the boom.

With the Irish market in a precarious state, London has been a relative oasis of calm. Many Irish people still have residential and commercial assets in the city, while others are selling off London assets to pay down their debts.

In fact, the National Asset Management Agency (Nama) initially said...

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