MyHome.ie Blog
  • MyHome Living
  • News
  • RetroFit Hub
  • Buyers Advice Hub
  • Selling
  • Renting
  • Mortgages
  • Property Report
MyHome.ie Blog
  • MyHome Living
  • News
  • RetroFit Hub
  • Buyers Advice Hub
  • Selling
  • Renting
    • Mortgage Learning Center
    • Calculators
    • Best Mortgage Table
  • Property Report
    • All Properties
    • Houses For Sale
    • Apartments For Sale
    • Available To View
    • Overseas Holiday Homes
      • Properties For Auction
      • Upcoming Auctions
      • BER Assessors
      • Property Conveyancing Solicitors
      • Pre-Purchase Surveyors
    • Find Agents
    • All Properties
    • Houses To Rent
    • Apartments To Rent
    • Available To View
    • Share
      • Irish Holiday Homes
      • Overseas Holiday Homes
  • New Homes
    • For Sale
    • To Rent
    • Auction
      • Residential Land
      • Commercial Land
      • Farm Land
      • Farms
      • Sites
    • MyHome Living
    • Buyer Advice Hub
    • Property Report
    • Property Price Register
    • Price Changes
  • Mortgages
    • Rental
    • Holiday Homes
    • Commercial
    • Sharing
Advertisement
  • Home
  • Uncategorized
  • Foreign investors could bring further competition to the housing market
Uncategorized
Feb 20, 2015 - 11:06

Foreign investors could bring further competition to the housing market

The MyHome Newsdesk
By The MyHome Newsdesk
Share this article
Facebook Share Twitter Share Linkedin Share Email Share Whatsapp Share
Foreign investors could bring further competition to the housing market

Most of the talk in the property world this week surrounded the growing costs of rent around the country for all types of properties.
There wasn’t a single county where rental costs didn’t rise with Dublin and the commuter belt counties the worst affected as population soars above the amount of available housing stock.
The cost of renting is only expected to grow, however, following the introduction of the new Central Bank mortgage rules.
It’s difficult enough to save for a deposit without rental costs climbing but this week estate agents Savills predicted a new factor that could make it harder for people to buy.
They expect more investors to flood into the Irish market now that a good rent return is almost guaranteed. Indeed, British rule might be coming to Ireland once more with investors there currently buoyed by the strength of the pound against the Euro.
In a new report, the company said the rules, which set a minimum deposit for home purchases, would inevitably force people to spend more time saving before they could buy – which would in turn increase the need for rented accommodation.
Savills said it did not believe the rules would do anything to soften demand for property but would instead lead to a change in the type of buyer in the market.
The firm also said that quantitative easing would help feed investors' interest in Irish property, as they looked for alternatives for their money against a backdrop of falling deposit yields.
While investors from abroad are expected, Savills predicted that some of this could include emigrants who were looking to move back to be near family and friends again.

  • Do you think rents will rise further this year?
  • Is it possible to save for a deposit while paying such high rents?
  • Will foreign investors prove major competition for those that do want to buy?

Have your say below…

Advertisement

Subscribe to our weekly MyHome Living eZine today

Processing your request...

You are subscribed now!

<

  • Tags
  • Central Bank
  • Central Bank mortgage rules
  • deposit
  • Dublin
  • foreign investors
  • Friday Feedback
  • investors
  • MyHome
  • MyHome.ie
  • rent
  • Savills
The MyHome Newsdesk
By The MyHome Newsdesk
Share this article
Facebook Share Twitter Share Linkedin Share Email Share Whatsapp Share

Helpful Links

Find your home on MyHome
Read more Articles
Calculate what you can afford to borrow
Welcome to the Retrofit Hub
Advertisement
Advertisement

Related News

What is a Heat Pump?
Uncategorized

What is a Heat Pump?

Feb 27, 2025
Living Cities Initiative
Uncategorized

Living Cities Initiative

Jan 14, 2025
Digital Services Act
Uncategorized

Digital Services Act

Mar 31, 2024
Avant Money and Finance Ireland announce new rates
Uncategorized

Avant Money and Finance Ireland announce new rates

Dec 09, 2021
Average deposit of first-time buyer was €52,000 in first half of the year
Uncategorized

Average deposit of first-time buyer was €52,000 in first half of the year

Dec 07, 2021
Frequent And Popular Searches
MyHome.ie Blog
Help
Jobs
About
Equality Guidelines
Brand Safety
Contact
Terms & Conditions
Cookie Policy
Privacy Policy
Digital Services Act
Sitemap
© Copyright MyHome.ie 2025
Advertisement