Oireachtas Joint and Select Committees

Thursday, 2 April 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Ms Marie Hunt:

The pendulum has probably swung a little bit more because, as I said, if one looks right across Europe, it tends to be about 30%. It is probably 35% now. Something we have seen with global capital flows over the past 12 months is that there is money coming into European real estate from lots of different jurisdictions. Our sense is that, going forward, the jurisdictions might change and we might get more Asian money coming into the Irish market, particularly from Asian investors who are now familiar with London and are seeing good opportunities in the Irish market. We could attract some of that money to Ireland.

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