Housing system has turned into wealth generator for wealth funds - Rory Hearne

Dr Rory Hearne said the market was created for investors because successive governments failed to build affordable housing leaving people with no alternative.

Successive governments have allowed the Irish housing system to be turned into a wealth generator for vulture funds, one housing expert has said.

Dr Rory Hearne said investment funds view Ireland as an endless profit stream and criticised the years of Government policy which he said has promoted this.