Glenveagh boss: housing market needs big investors

The chairman of one of the country’s biggest homebuilders and who is also a former senior Nama boss has said that institutional investors should be welcomed into Ireland’s housing market as they provide solutions to the crisis.

John Mulcahy, chairman of the stock exchange-listed Glenveagh Properties and the former head of asset management at Nama, said the fact that international funds are buying properties to rent in the private market is still adding ...