When Niamh began house-hunting in Dublin’s suburbs, she soon noticed that viewings were often attended by agents who were using phones to live-stream the property to potential buyers in China - some of whom then outbid her.
Estate agents have confirmed that it is now commonplace for wealthy Chinese nationals to bid strongly on houses in South Dublin. But why?
The answers lie in the details of a now-defunct “Golden Visa” scheme, the decline of China’s own property market and the desire of upwardly-mobile Chinese parents to give their children a Western education.
And why are these buyers free to take their money out of the Chinese economy and invest it in countries like Ireland?
Creeslough: Man (60s) arrested as part of inquiry into fatal explosion
Ireland weather: Low temperature warning extended for 24 hours after overnight snow and ice
‘I’m hoping at least one girl who is on the fence about reporting her violent boyfriend ... will read about my case’
Potential for serious damage to Irish economy as Trump reshapes trade, Ministers warned
Guests: Irish Times reporter Colm Keena and Beijing correspondent Denis Staunton.
Presented by Sorcha Pollak. Produced by Declan Conlon.
