€6bn ready to invest in property

There is an appetite among international investors to capitalise on the expected property recovery with over €6bn ready to invest in Ireland, according to Jones Lang LaSalle.

According to a survey of investors carried out by the property company there is a bidding war emerging for prime properties in Ireland and real estate investment trusts are now the only way that smaller players can get a return from the property market.

Head of research with Jones Lang LaSalle Hannah Dwyer said the trusts are availing of yields and recovery.