New investments from Fidelity Investments are on the rise in Ireland.
A recent report from the fund company said that it is investing €500m in the housing market.
This includes buying property for the first time for €500,000, with the aim of investing €1m in a house of three bedrooms and three bathrooms, while €2m will go to a second house for €750,000.
This equates to €5,000 per bedroom, and €1,500 per bathroom, as the fund invests in apartments and townhouses.
The report added that this is the first of many investments to be made.
Fidelity has been buying properties in Ireland for many years, and has also invested in the real estate market in the UK and the US.
This is the largest investment to date from the US fund, according to the report.
This was made possible through the launch of the Fidelity IRA, which allows for tax free investments, and is being followed up by the F2.
It has also been working on other investments.
F2 invested €1.8bn in property in the last financial year, which is up 12% on the previous year, the fund said.
The Fidelity Investment Corporation has invested in real estate in Europe, Africa, the Middle East, and Asia, according, the report said.
F1 invested in Ireland €5.6bn last year, with a €3.6m surplus.