Home by eoin

Author:eoin [eoin]
Language: eng
Format: epub

To understand Ireland’s housing crisis we need to lift our eyes from the micro- to the global macro-economy.

To follow ‘the Great Wall of Money’ – $453 billion (€390 billion) – aimed at global markets in real estate.

Ireland is just one country whose finite and fixed stock of land and property is massively inflated by this onslaught of unregulated capital. Dublin as a major international financial centre attracted large volumes of unregulated, cross-border flows.

Above all, Dublin is host to valuable and scarce assets – property. The global owners of capital are in a frantic search for safe, high-yielding assets in which to park their capital.

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