Bulk purchase of homes by investment firms is creating a property bubble.
The next housing crash will be much worse than the last, according to a Kildare based housing expert.
Assistant Professor of Social Housing Rory Hearne says investment funds bulk buying houses is creating a property bubble, with prices continually climbing.
The Maynooth University lecturer believes a bust can be avoided if the Government intervenes in the property market in time:
The latest house prices show the disastrous extent of the crisis in housing — there needs to be a sea change in policy, @RoryHearne writeshttps://t.co/8wwYHi4KCe
— Irish Examiner (@irishexaminer) July 4, 2021
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