Depending on who you talk to, institutional investment in the Irish property market is either a potential panacea for the housing crisis or an appalling policy failure that will haunt future generations. Ireland, of course, is not the first country to experience a financialisaton of the property market. However, the pace at which this financialisaton has occurred in Ireland is almost unparalleled. Having been courted to enter Ireland in the aftermath of the financial crash with lucrative tax incentives by a cash-strapped government, property funds now hold 40 per cent of commercial residential property assets in Ireland, worth an estimated…

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