Ireland's property entrepreneurs relinquish London trophies

[BoyRacer]

Ireland’s property entrepreneurs relinquish their London trophies - Lisa O’Carroll i-> guardian.co.uk/business/2011 … n-trophies

They were known as the “Irich”, up there with the Israelis, Russians and Arabs in terms of the cash they could bring to a London property deal. Now, four years on, the credit crunch has put all that into reverse, and the Irish are fleeing the metropolitan scene.

“Easily 90% of the sellers in the last year have been Irish,” says Phil Cann at property company CB Richard Ellis. “Over €1.2bn £1.07bn] in my market space in London.”

there is more

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[ragingbear]

@BoyRacer

Ireland’s property entrepreneurs

Entrepreneurs me arse, over-leveraged gamblers more like.