Property investors who bought up bedsits in recent years made a 200 per cent return last year when they flipped their portfolios to a Liechtenstein-based investment fund for more than €50 million.
Nassarius Capital, a company in Liechtenstein controlled by the Swiss-based Monterosa Group, acquired 24 properties in Ireland last year for €50.6 million. The houses are all subdivided to contain between four to seven bedsits each.
I was in one this year and I couldn’t wait to get out. Claustrophobic and unnatural. It reminded me of a kids playhouse. The rents on them are probably extortionate too.
ah great
Massive Profiting from slum dwellings...
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Wave of small landlords selling investment properties, claims reportSociety of Chartered Surveyors Ireland predicts house prices to continue rising despite effects of inflation and higher interest rates Good move, sell high the houses that need renovations and big investments in new heating systems , buy low in 2 years
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