Crazy house prices: Fury mounts as investment firms buy up Irish homes to rent out – Extra.ie

The creator of the popular Instagram account, Crazy House Prices Ireland, has said ‘normal people just can’t compete’ with investment funds on the housing market.

It follows revelations that the bulk of houses on a Kildare estate were bought by investment funds while another 112 units in Dublin were also purchased in a joint investment venture.

Of the 174 houses on the Maynooth estate, just 22 were available for first-time buyers.

The creator of the popular instagram account, Crazy House Prices Ireland, has said ‘normal people cannot compete’ with investment funds on the housing market. Pic: Shutterstock

Mr Mulqueen, who is a teacher, and runs the hugely popular Crazy House Prices Instagram account said the investment funds effectively have a chokehold on the housing market.

‘With the chokehold of supply that these investment funds have, there’s literally nothing there for people to buy, so I think people are really fed

Continue reading this atricle at https://extra.ie/2021/05/04/business/property/housing-investment-funds