Irish Real Estate Investment Trusts (REITs)
The announcement in Budget 2013 that Ireland is to provide for
the establishment of Real Estate Investment Trusts
("REITs") is welcome news for the Irish
property industry and for investors from Ireland and
overseas. International investors acquired a significant
proportion of the Irish investment properties sold in 2012, enticed
by the value and yields currently available in the Irish real
estate market. The establishment of REITs is expected to
result in increased international investment in Irish real
estate.
A REIT is a listed company, used to hold rented investment
properties, which enables investors to obtain broadly similar
returns to those from direct investment in real estate, while also
having the benefits of risk diversification by investment in a pool
of properties. It is an internationally recognised model for
investment in real estate that will be familiar to investors from
the US, Europe, Asia and
