A man accused of reversing at high speed into a busy residential estate in Longford town in a bid to give gardaí the slip has been banned from driving for two years and fined a total of €700
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29 May 2022
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29 May 2022
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Families are being pushed even further away from home ownership by cuckoo fund investors, according to a report.
Figures compiled by BNP Paribas Real Estate show institutional buyers paid as much as 32pc more for each residence that they bought last year compared with the average price paid by household buyers in Ireland.
"For the second year in a row, residential property was the leading investment sector," the report notes.
Large investors paid €2.27bn for almost 4,900 private rented sector (PRS) properties in 2021, an average of almost €430,000 a unit.
That is €104,206 more than the average price of €325,502 paid by households who bought homes in the 11 months to the end of November last year.
The report notes that this represents a 32pc premium over the average price paid by households.
The financial clout of these investment funds make it difficult for private individuals to compete.
“Their funding models and investment objectives make them willing to pay high prices to access such secure income streams. Understandably, this is causing frustrations for private buyers who are attempting to compete,” the BNP report adds.
Derek Ryan is among the leading stars lined up for this year's “Cowboys and Heroes,” Country Music and Americana Festival
Oliver Goldsmith Festival committee members and local actors Michael Conlon, Arthur Conlon, Donall Mac an Bheatha and Katie Farrell discover the 'Hidden Heartlands' of Longford and Westmeath
A man accused of reversing at high speed into a busy residential estate in Longford town in a bid to give gardaí the slip has been banned from driving for two years and fined a total of €700
Longford palliative care nurses
Claire Byrne's TV show on RTE to end after 'seven successful years'
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