Reports Allianz has paused investment in Irish housing market are ‘misleading’

The company says it has made a number of real estate investments in Ireland and it would continue to do so

Allianz Real Estate oversees a property portfolio of €79 billion. Picture:

Allianz Real Estate, an investor in the Irish housing market, has said claims the company has paused investment in Ireland’s residential market are untrue and “misleading”.

Today it was widely reported that Allianz Real Estate, which manages the German insurance group’s property portfolio, has paused investments in the Irish residential property.

The Irish Times reported that Allianz decided to withdraw from the market due to the potential reputational risk for its insurance business here.

A spokeswoman for Allianz Real Estate told the Business Post that reports the company is pausing investment in the Irish housing market are “misleading”.