Friday June 5, 2020

Glenveagh chief slams ‘unhelpful’ critics of bulk buyers of apartments

Ian Guider

Markets Editor

9th June, 2019

The head of building giant Glenveagh has hit out at critics of funds snapping up apartment blocks, saying any attempts to increase the tax or the regulatory burden on institutional investors will damage the housing market.

Justin Bickle, the chief executive of Glenveagh, said the commentary around institutions entering the private rental market was “misleading” and could ultimately backfire.

“I think it would be counter-intuitive and counter-productive for there to be any regulatory...

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