State bodies purchased 5,778 homes worth €1.9bn
Irish registered companies and other bodies accounted for 92 per cent of the €4.2 billion in home purchases last year. Photograph: iStock
New data from the statistics agency, based on information filed with the Revenue Commissioners, indicates that non-household entities – including private companies and investors as well as State bodies – purchased 12,201 dwellings last year. The total value of the properties sold to non-household entities was €4.2 billion in 2023, €1.9 billion of which related to some 5,778 homes purchased by Government agencies and State bodies, accounting for the largest proportion of transactions by any sector. The volume of homes purchased by the State increased by almost a quarter from 2022, according to the CSO.
Meanwhile, Irish registered companies and other bodies accounted for 92 per cent of the €4.2 billion in home purchases last year, the CSO said. The remaining €302.5 million related to purchases by entities registered outside of the Republic with European investors the single biggest foreign buyers of residential properties, accounting for more than 82 per cent of the total value.
Revenue-Commissioners Housing-Crisis
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