More Irish homes bought by 'non-household entities' last year than in 2023

In 2024, non-household entities, which include private companies and State bodies, purchased 12,696 dwellings, representing 4% of total sales. The total value of these properties reached €5bn, an 18.5% increase from the previous year. Government agencies, notably the Land Development Agency, accounted for €2.6bn of the homes purchased, with a significant increase from 2023. The financial and insurance sector was the second largest buyer, totaling €746m in transactions. Just 5% of purchases were made by entities registered outside Ireland, while 56.4% of all purchases were new dwellings.

Non-household entities bought 12,696 dwellings last year, constituting 4% of the total sales. The properties sold amounted to €5bn, an 18.5% increase from the previous year.

Government agencies such as the Land Development Agency purchased €2.6bn worth of homes, marking an increase from 5,778 homes in 2023.

Read at Irish Independent