Independent: Struggling investors forced to sell at a loss
We were mentioned in an article about property investment in the Irish Independent (excerpt below)
Mortgages with a total value of €1.3bn were now in arrears of three months or more. This represents 16pc of its €7.8bn buy-to-let mortgage book — up from 10pc in December. Low rents and difficulties finding tenants mean many buy-to-let investors lost money on their properties, director of Irish Mortgage Brokers Karl Deeter said.
This was written by
Karl Deeter. Posted on
Wednesday, July 27, 2011, at 11:49 am. Filed under
Accountancy,
Advisors.ie In the Press,
Banking,
Economics,
Investment,
Mortgages,
property tax,
Property tax,
Savings,
Section 23. Tagged
bank owned property,
bank repo,
distressed seller,
forced sale,
liquidation sales,
repossession,
vendors in liquidation. Bookmark the
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