Housebuilder Glenveagh says investment fund buyers are needed to boost supply

Developer has started building work on three suburban sites which will start delivering houses from 2022

Glenveagh's head of health and safety Cathal Mooney and CEO Stephen Garvey. The company said it is on course to be building 3,000 houses per year by 2024.

Irish housebuilding company Glenveagh Properties has said that institutional investment funds are necessary buyers in the housing market and supply would be further restricted without them.

However, it stressed that only a “very small proportion” of its current house order book is earmarked to go to vulture fund buyers, with the vast bulk directly targeted at the owner-occupier market.