Ownership of property in Ireland still ‘going overseas’

Ownership of Irish property will continue to go overseas in 2015, according to estate agents, DTZ, who this week hosted regional briefings in Cork and Limerick.

The sale of portfolios and loans looks set to go above 2014 levels, with €30bn in transactions likely in 2015, says DTZ director, Frank Ryan, who described the change in investor profile as “radically different, over just a few years.”

Last year, there was €4.5bn in pure property investment, €9bn in residential investment activity, and a whopping €17bn in loans sales, he noted.