Glenveagh boss: housing market needs big investors

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...

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