Ires Reit expects uncertainty over rent rules to last months

Rental income at country’s largest private landlord rose to €50.5m last year as it added over 900 properties to its portfolio

20th February, 2020
Ires Reit expects uncertainty over rent rules to last months
Margaret Sweeney, chief executive of Ires Reit: pre-tax profits at the company fell from from €119.8 million to €86.3 million. Picture: Fergal Phillips

Potential changes in regulation have overshadowed a surge in rents at Ires Reit, the country’s largest private landlord.

The company said today that uncertainty on the future of rental policy is likely to continue for months as government formation talks continue.

“Following the recent general election in Ireland, there is increased uncertainty in relation to future government policy on housing and regulation of the private rental market, particularly in relation to rent regulation,”...

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