Irish Property Market chat II - *read mod note post #1 before posting*

As I said, REITs need cash so have to actually fill up their rentals. Whereas, KW, Greystar etc (Capital Dock, Clancy Quay, Dublin Landings) are not in a rush to drop rent as it then means the value of the building, based on the rental yield, dropping.

On the occupancy point, they would simply hold off a few apartments from the market and claim that, out of the apartments they actually have available for rent, 98% are occupied. But they have no info on what this actually means. It definitely doesn't mean 98% of all apartments in a particular building are occupied, it is almost certainly qualified. All you have to do is walk around the docklands in the evening and see the empty apartments.

I'm not that long over, it was only in August I would've been wandering around and with supply of rentals up 67% since then, and thousands of blue haired tech geeks no longer scootering around, I can imagine not much has changed.

Is that you David McW?

When you have the vested interests whinging in the national news, it is probably a good measure for the market, as a general rule. The whinging in this article shows that this tax will force land to be used quicker and efficiently. The argument against it RZLT are that it effectively makes building more expensive, but this is only the case where the building is taking too long which is something the author ignores; the precise intention with it!

That's a bit pathetic; "unfair" for the poor large landowners is not a good reason to hit them with a tax for not using permission.

Ireland, especially on the east coast, does not get cold. It is rare to see the mercury go below 5 degrees celcius at night even in the darkest winter night and day time temperatures are pretty much always at least 10 degrees. There is effectively an 8 month summer as well so excellent insulation tends to be more of a curse than a blessing in my experience, resulting in incredibly hot and stuffy dwellings most of the time. Houses need to be built with air filtering/conditioning more than insulation these days.

This is an exceptional week, hence the weather warnings, but it is by no means normal in the east of the country to have such cold temperatures at any time of the year, let alone for a month or two. In fact, the last few years we have experienced basically a 7/8 month summer from May to November with warm temperatures. Yet, housing seems to be focused mainly on heat retention and not on ensuring cool, pleasant temperatures. With climate change anticipated to get worse and temperatures generally to keep rising, housing in the east of the country should be built with this in mind.