One of the features of the Irish residential property boom and bust was the large number of people who purchased residential property for investment purposes. Figures for end 2012 suggest over 150,000 investment mortgages, accounting for some €31b. Now that the market has fallen a question that is often asked is why we do not see more of these investment properties coming onto the market? Many are “underwater” in value terms.
To try to get some answers to this Karl Deeter (Irish Mortgage Brokers), Marie Hunt (CBRE) and myself have created a short survey. It can be found here and should not take more than a minute or two to fill in. We are also distributing this form through other channels.The survey is aimed at people who are or who were in Ireland who purchased residential investment property whether that property is in Ireland or elsewhere, and where these properties (in whole or in part) are both underwater (likely selling price now less than the purchase price) and (in whole or in part) not on the market for sale.