Canny investors snapping up 20% of second-hand housing market

ALMOST one in five second-hand properties purchased so far this year was bought by an investor.

This is according to the latest Sherry FitzGerald house price index, which also found that the average price of a second-hand property in Ireland eased back by 1.8% during the third quarter of this year, with the results for the year to date down by 4.5%.

Chief economist with the Sherry FitzGerald Group Marian Finnegan said: “The stock of available second-hand properties is strong, thereby providing a healthy choice of property for potential purchasers.