Investment funds can buy unsold Croí Cónaithe apartments after one year

Investment funds can buy apartments that are part of the state’s Croí Cónaithe scheme, which is meant to deliver thousands of homes in cities for individual buyers, if the apartments are unsold one year after completion.

A sample Croí Cónaithe contract, seen by the Business Post, shows there is a clause that allows developers to sell the homes “on the open market to any purchasers”, but they would then not receive the subsidy.

Hang on ..... if 'there would be a limited cohort of buyers for the units' leading to investors swooping in, then that would suggest a lack of demand for homes .... which is patently false. Which 'property experts' are you guys talking to, aside from that charlatan Eoin O'Broin?

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Tourism sector risks pricing itself out of the marketThe temptation to capitalise on one good year could come back to haunt the sector My wife, sister in law & mother in law are in Dublin this weekend. I'll ask them what their impressions were on their return. Lol. And when you are in Dublin you can’t leave from the so-called airport. Think it's past the whole risking stage to be honest
Source: IrishTimes - 🏆 3. / 98 Read more »