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Sam Boal/RollingNews.ie

Ireland's largest private landlord gets ahead of rent caps with its €2,750-per-month units

But the company is apparently having no trouble finding tenants for its Dublin properties.

IRELAND’S LARGEST PRIVATE landlord, Ires Reit, will set a new benchmark for rents in south Dublin with its latest development in the capital.

The property company, which owns around 2,400 apartments in Dublin, has started marketing its new Sandyford complex called ‘the Maple’, which includes 68 one-, two- and three-bedroom units.

According to the company’s website, the apartments will be available from early July with prices starting from €1,925 per month for a one-bedroom property and rising to €2,750 for three-bedroom units.

The building, which is close to the Beacon Hospital and offices for major multinational employers like Microsoft and Salesforce, boasts a concierge, among other high-end features.

Maple2 An artist's impression of the site Ires Reit Ires Reit

In a briefing note to clients, Goodbody analyst Colm Lauder noted the high asking rents “reflects the quality of product and service … but it is also an effort to overcome the 4%-per-annum rent review cap by starting at a rent that is very much at the top end of the market”.

The government introduced the annual cap on rent rises for designated ‘rent pressure zones’ – which include all of Dublin, as well as Cork and Galway – in December in a bid to rein in runaway prices.

However Lauder noted that “high rents have been no deterrent to tenants” for Ires, “with a strong level of enquiries as early as November last year”.

“When the (Maple) scheme launches it is expected to set a new benchmark for rents in the area.”

Maple3 An artist's impression of 'the Maple' Ires Reit Ires Reit

Premium prices

Research published by property website Daft.ie showed that the average rent across Dublin currently stood at €1,668 – up 13.9% during the year.

However the average price for a one-bedroom apartment in the Sandyford area was only €1,339 – nearly 44% below the starting prices at Ires’s Maple. The company’s average rent across its portfolio was €1,427 at the end of 2016.

The new apartments are also being let at a significant premium to existing properties from the firm. In the nearby ‘beacon south quarter’, two-bedroom apartments are listed as starting from €1,485 per month.

Daft report author and Trinity economist Ronan Lyons said the government’s rent-control measures could be “amplifying” a two-tier rental market in which new tenants were paying significant premiums over those already in properties.

Daft1 Daft.ie Daft.ie

Click here for a larger version

New rental properties are exempt from any rent-control measure when first introduced to the market.

Meanwhile, Ires is currently tied up in the planning process for a much-larger complex, the nearby Rockbrook project in Sandyford.

The 467-unit development – which Lauder said was “the most important” yet for the private rental firm - was refused council approval last month, a decision it has since appealed to An Bord Pleanála.

Note: Fora publisher Journal Media Ltd has some shareholders in common with Daft.ie.

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Written by Peter Bodkin and posted on Fora.ie

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104 Comments
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    Mute Keith Healy
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    May 9th 2017, 8:39 PM

    Rip off merchants who pay little or no tax. Well done Noonan for bringing these gougers into our country.

    664
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    Mute Bennythekid
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    May 9th 2017, 8:46 PM

    @Keith Healy: worse than vulture funds

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    Mute gregory
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    May 9th 2017, 9:26 PM

    @Keith Healy: So Noonan forbid write downs to Irish and give big writedowns to large U.S. companies and other foreign companies who can now screw everybody. Thanks fg.

    249
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    Mute Brian Guilfoyle
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    May 9th 2017, 8:34 PM

    If that’s theur expected inflation of rent prices in Dublin by the next budget that’s terrifying

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    Mute cholly appleseed
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    May 9th 2017, 8:57 PM

    @Brian Guilfoyle: you can thank sf, aaa, ff and the independents for this. Fg were firmly against attempting to control the rental market. This was predicted to happen. The market would of found a balance. Now it will stay at the highest possible rent

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    Mute JustOneScoop
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    May 9th 2017, 9:15 PM

    @cholly appleseed: wtf does this have to do with rental control. This company would put this location at this price because they can. We need to insure we are getting adequate tax from these nonsense investments which we are not, they are being written off to next to no tax liability. That’s the ridiculous situation

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    Mute Kerry Blake
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    May 9th 2017, 8:35 PM

    and so it begins again…..

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    Mute gregory
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    May 9th 2017, 9:29 PM

    @Kerry Blake: yeah. So we get ffccukd on usc to bail out banks and then fg give away property cheap to large compsnies thru Nama and now these Co’s efff everybody. nice job fine gael. traitors.

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    Mute Marcus Philpott
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    May 9th 2017, 8:36 PM

    Government interference in the private market seldom improves matters. “Rent caps” a predictable failure.

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    Mute Paul
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    May 9th 2017, 8:38 PM

    @Marcus Philpott: more like opposition, Government never wanted it but had to make the vest of a bad situation as the opposition would of ganged up and passed something worse.

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    Mute Paul
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    May 9th 2017, 8:38 PM

    @Paul: best

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    Mute
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    May 9th 2017, 9:04 PM

    Have.

    6
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    Mute Michael Doyle
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    May 9th 2017, 8:42 PM

    In case anyone is unable to join the dots: these rents are not high IN SPITE OF rent controls; the rents are high BECAUSE OF rent controls on existing stock.
    To reduce homelessness and make rents affordable, remove rent control, reduce income tax on rent, provide the social housing where demand is low, and allow high-rise where demand is high.

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    Mute Teresa
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    May 9th 2017, 8:58 PM

    @Michael Doyle: you are correct. The government needs to treat rental properties as a business. At the moment, they can’t decide.

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    Mute Nick Allen
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    May 9th 2017, 9:08 PM

    @Michael Doyle:

    Or maybe just build more houses

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    Mute Michael Doyle
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    May 9th 2017, 9:14 PM

    @Nick Allen: my four suggested measures will increase housing stock where it is needed, faster than just building houses with taxpayers money.
    Right now there is a shortage because government policy discourages supply.

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    Mute Anne Marie Devlin
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    May 9th 2017, 9:24 PM

    @Teresa: if it’s a business then they need to pay taxes. Lack of rent caps during the last bubble did not stop rents spiralling. Nor did a greater supply of housing regulate rents or house prices. For some reason, property seems to defy basic rules of economics. They only explanation I can think of is government policy keeps property artificially high which is, of course, interference in the market

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    Mute Michael Doyle
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    May 9th 2017, 10:06 PM

    @Anne Marie Devlin: not every fire has the same fuel. The previous property boom was fuelled by ridiculous lending, with people borrowing amounts that only made sense if prices kept increasing, resulting in high supply, high demand, and the result was very high prices, but as a percentage of price, quite reasonable rental prices.
    This time around, purchase prices are well lower than the previous peak, but rental prices are well higher than the previous peak. So different factors are at play. This time the much higher rental to price ratio reflects the fact that borrowing is much more controlled, but supply is suppressed. Therefore the solution is in eliminating the barriers to supply – penal rates of tax, rent control, and strict planning controls.
    Cause and effect, not good versus evil.

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    Mute brian magee
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    May 9th 2017, 11:07 PM

    @Michael Doyle: with regards social housing , the government should not rely on the private market to provide it. The only solution is for the government and councils to build it.

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    Mute Michael Doyle
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    May 9th 2017, 11:33 PM

    @brian magee: of course social housing at affordable prices, and rent assistance are needed for people who will never be able to be self-sufficient. However, we should strive to minimise the need for such supports by ensuring as many people as possible can be self-sufficient, through low unemployment, reasonable tax rates, and a functioning housing market.
    Through less interference in the market ( interference being rent control, excessive planning rules, high marginal taxes) the normal market can regulate itself to a more normal level of supply, demand and price, and then social housing can make up the difference for those who will never be able to support themselves in the real economy.

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    Mute brian magee
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    May 9th 2017, 11:59 PM

    @Michael Doyle: the problem is that rent assistance is meddling with the market. People who bust their balls working are competing with those who don’t.

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    Mute Gary Weir
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    May 10th 2017, 7:21 AM

    @Michael Doyle: I’m interested in where your faith for the market itself comes from. Of course I’m not suggesting that the government are capable of solving any of the mess the country is in, but how would the market on its own fair better?

    The market may be stable if it was put in its own little bubble, with people paying and landlords collecting, but the reality is lots of things effect house supply and rental/buying costs. The neo liberal environment we are in creates pressure for more lax lending, how could a market itself control these?

    It seems, to me, the countries inflated GDP figures will someday lead to a contraction or recession. I have no faith that the market could provide or deal with this situation by itself.

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    Mute Gary Weir
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    May 10th 2017, 7:35 AM

    Even today it is reported, the vulture fund, Cerberus (i.e. an example of the market) is creating problems with increasing rents and evicting people.

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    Mute Michael Doyle
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    May 10th 2017, 8:26 AM

    @Gary Weir: this is an example f the impact of regulation. normal landlords are being squeezed by rent control and high tax, whereas these huge companies can start with fresh stock with no rent control, and pay lower taxes
    This is similar to e communist model where the rules are imposed to restrict the market, creating a gap, and someone who can bypass the process that applies to others – legally or illegally – can them make an absolute killing.
    If the traditional supply chain hadn’t been cut off at its knees, then these companies would be in a normal market where they would have to attract customers. The interference is playing to their advantage.

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    Mute Michael Doyle
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    May 10th 2017, 9:19 AM

    @Michael Doyle: I should also have clarified that there should be SOME regulation to stop the market getting out of control. Lending should be based on affordability of the repayments not dependent on future price growth, housing standards regulation is needed to prevent safety issues, and some planning controls are needed, but the current set up of 54% tax on private landlords, while Cerberus can pay damn all, very restrictive planning, and rent control is ott and messing up the market, creating a gap for the large corporations and slum landlords to exploit.

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    Mute Gary Weir
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    May 10th 2017, 1:12 PM

    @Michael Doyle: Thanks for the reply. Seems like these problems are just inevitable. When pressured to control inflation, the government try to control it with laws that can make the situation worse. If they do nothing the problems arise anyway. Of course the looser restrictions will be given to the big players due to their influence and on and on.

    Social housing seems like the only solution to me. Markets are chaotic by nature. Ireland couldn’t risk another financial crash and only have the private market to rely on. Especially when you consider the massive housing shortage that exists.

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    Mute Jack Cassady
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    May 9th 2017, 8:35 PM

    And we thought the Celtic Tiger was bad?

    152
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    Mute Derek Poutch
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    May 9th 2017, 8:40 PM

    @Jack Cassady: Ah who was it that said greed is good , yes Gordon Greco

    51
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    Mute gregory
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    May 9th 2017, 8:46 PM

    i am paying 51% tax on rental income and didnt raise the rent for 5 years as family on limited income live there. Fffkkk Noonan giving big $ to these vulture funds. Shame on fg.

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    Mute Oleksandr Savitskyy
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    May 9th 2017, 8:59 PM

    @gregory: Which part of St. Petersburg is the place?

    4
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    Mute gregory
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    May 9th 2017, 9:22 PM

    @Oleksandr Savitskyy: que?

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    Mute gregory
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    May 9th 2017, 9:43 PM

    @Oleksandr Savitskyy: Listen ass hole. I’m charging 600 euro rent on a property only 20 miles from cork city and i didnt put it up for the last 4 years even though my taxes were hiked by 7% usc – a new tax on rent and – 4% prsi a new tax on rent and – property tax lpt. Why? they are a nice family with 3 kids and cant afford more. What’s more no one in Russian gives a sshitte what happens in Ireland they dont even know where it is. So fwcckk off and so what if i speak Russian and have worked in Ru and am married to a Ru native speaker.

    43
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    Mute Cian O Donoghue
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    May 9th 2017, 10:57 PM

    @gregory: Well, that escalated quickly.

    24
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    Mute Oleksandr Savitskyy
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    May 10th 2017, 1:32 AM

    @gregory: Listen to me. You get paid 40000 rubles to post comments (i have all your comments analysis) to move your dictators agenda and the only reason you posted here and under some other topics is so you look “local” . Most likely you are around 24-30 years old who even does not have a proper work contract and i am not even talking about the house.

    5
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    Mute George Roche
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    May 10th 2017, 8:45 AM

    @Oleksandr Savitskyy: This level of paranoia is mesmerising to behold

    11
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    Mute Oleksandr Savitskyy
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    May 10th 2017, 11:56 AM

    @George Roche yea, is it another account of gregory ?

    1
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    Mute Oleksandr Savitskyy
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    May 10th 2017, 11:57 AM

    @George Roche: Trust me, i know much more then you think about you :) .

    1
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    Mute George Roche
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    May 11th 2017, 10:24 AM

    @Oleksandr Savitskyy: Well you know I’m not a Russian anyway then you paranoid cuñt.

    5
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    Mute Bairéid Rísteard
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    May 9th 2017, 8:39 PM

    Delighted to be emigrating for the second time!

    92
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    Mute Kerry Blake
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    May 9th 2017, 9:11 PM

    @Bairéid Rísteard: Best of luck to you. I emigrated once and came back I’m not leaving again. I’ll agitate for a fairer Ireland and hope in 20 odd years it might happen.

    54
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    Mute Bairéid Rísteard
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    May 9th 2017, 9:37 PM

    @Kerry Blake: rose tinted glasses brought me back, but the reality is so much different. Too many frustrations and things attacking the pocket. Everything from TV licence, to health to car insurance. Amongst poor salaries. Sometimes you gotta say enough is enough, and go for a better quality of life overseas.

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    Mute gregory
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    May 9th 2017, 9:38 PM

    @Kerry Blake: fair play. me too. i advocated for a negative equity write down weighted to income to fg and ff 4 years ago which was fair but got no ear at all. And now Noonan to pppppprk has given it all away thru Nama to foreigners at 60% discount. I hate them so much right now.

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    Mute Jonny Irish
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    May 9th 2017, 8:36 PM

    It’s all our own fault for paying it in the first place. The price of everything will go down if we refuse to pay it!

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    Mute Deborah Behan
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    May 9th 2017, 8:46 PM

    @Jonny Irish: great idea! Now where will we live?

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    Mute Jonny Irish
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    May 9th 2017, 8:56 PM

    @Deborah Behan: so you were planning to move into this complex were you? Don’t be stupid. The landlords won’t leave the properties vacant for long and will decrease the prices accordingly.

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    Mute Andy K
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    May 9th 2017, 8:57 PM

    @Deborah Behan: If everyone in the country goes on a rent strike until rent drops it could work, but the problem is organising it. Obviously that would be a clash with the law but as a large portion of the dail are landlords they would be quick to come up with solutions.

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    Mute Nick Allen
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    May 9th 2017, 9:02 PM

    @Jonny Irish:

    It’s all well and good to say it’s our fault for paying it but as Deb points out where will people live. The issue is not whether she wants to live there or not the issue is a problem with supply and demand. There is simply not enough supply for the demand and until that changes there is nothing that will S to rent rising. There will always be someone with a few quid more than we have and willing to pay that little extra to get a place to live because there is limited stock available

    15
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    Mute Morizy
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    May 9th 2017, 8:44 PM

    If anyone wants the space under my stairs I will let it go cheap €950pm boyfriends/girlfriends staying will be an extra 50% and may have to sleep vertically in your space. breakfast will be slid under your door between 7 and 9am (free) you are only permitted to use the rest of the house to goto the bathroom then you must immediately return to your space under the stairs.

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    Mute Adrian Matthews
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    May 9th 2017, 8:45 PM

    @Morizy: Do you have to be a wizard or can muggles apply?

    44
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    Mute Morizy
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    May 9th 2017, 8:51 PM

    @Adrian Matthews: anyone pal no rules in this business I’ve 14 lads in the shed now.

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    Mute Nick Allen
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    May 9th 2017, 9:09 PM

    @Morizy:

    If the girlfriend has to sleep vertically I will take it

    20
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    Mute Morizy
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    May 9th 2017, 9:20 PM

    @Nick Allen: unfortunately I can’t enter the space to make sure she stays vertical pal most people like privacy and I’m not one of those type of landlords I like giving my residents there space in my space.

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    Mute Morizy
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    May 9th 2017, 9:21 PM

    @Morizy: *their

    5
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    Mute Seaghán Corcoran
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    May 9th 2017, 8:36 PM

    A good meteorite will sort this planet out.

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    Mute Adrian Matthews
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    May 9th 2017, 8:39 PM

    @Seaghán Corcoran: Surely that depends where it hits?

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    Mute Andy K
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    May 9th 2017, 8:59 PM

    @Adrian Matthews: Not really where, more about how big. If its big enough it doesnt matter where it hits.

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    Mute Adrian Matthews
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    May 9th 2017, 9:13 PM

    @Andy K: True that, but before I die in a fiery tsunami of molten rock and lava I would enjoy seeing North Korea going splat.

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    Mute Zx5vZulB
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    May 12th 2017, 8:29 AM

    @Adrian Matthews: yeah that would be great craic, open a few beers and fixate on sky news repeats of atomic bombs wiping out millions of innocent brain washed citizens of a far away land. And follow it up with youtube videos of people dying in car crashes. Cool

    1
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    Mute Alan mulvey
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    May 9th 2017, 8:39 PM

    And they get a lovely view of car showrooms

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    Mute Dave Murray
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    May 9th 2017, 9:21 PM

    @Alan mulvey: And a Subway.

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    Mute gregory
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    May 9th 2017, 9:33 PM

    @Alan mulvey: eff it im paying 53% on sshiit rent because i have a conscience (family there) but not these vultures. Run em out of town!

    34
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    Mute Nick Allen
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    May 9th 2017, 8:59 PM

    Ires Reit

    From their accounts

    Net income before tax 47m
    Net income after tax 47m

    Something looks wrong there

    67
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    Mute Tony Daly
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    May 9th 2017, 9:12 PM

    @Nick Allen: something looks very right for the large landlord.

    Tax planning can shelter most of the profit from a charge to Corporations Tax.

    Great yields, fantastic IRR and highly tax efficient.

    Many of the tenants will be non Irish employees employed by the large social media and IT companies.

    Think of the net income you would need to service these rents as a tenant.

    Now a new development in Hanover in Docklands is getting €415,000 for a small one bedroom apartment.

    Mortgages and rents from private residential properties channels more and more wealth up to the super wealthy.

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    Mute Cian O Donoghue
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    May 9th 2017, 9:12 PM

    Net is the operative word there.

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    Mute David O'Neill
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    May 10th 2017, 8:54 AM

    @Nick Allen: IRES is a REIT. It doesn’t pay taxes so long as 85% of income is paid to shareholders as a dividend. Shareholders then pay tax on those dividends. e.g. my IRES dividend is taxed at 40% given I’m a higher rate tax payer.

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    Mute Alan mulvey
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    May 9th 2017, 8:37 PM

    Wait and see every other landlord around the area now will jump up prices now massively

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    Mute Deborah Behan
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    May 9th 2017, 8:47 PM

    @Alan mulvey: only if they’re new builds.

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    Mute Michael Doyle
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    May 9th 2017, 9:16 PM

    @Deborah Behan: result is that the higher the rent you charge, the more likely it is you pay low tax on it. Existing accidental landlords have rent caps and high marginal tax, corporations with previously unrented stock can charge what they want, and pay less tax on it.

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    Mute Paul Mcgovern
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    May 9th 2017, 9:20 PM

    I’m ashamed to say I am currently working for a vulture fund in Dub. No work where I’m from in Mayo. It’s ridiculous how they have bought more than 50 buildings and “done them up” then rented them out for crazy prices, one bed going for 1100 and two bed 1600 and they are hoping to buy 130 more buildings, they have put young families out on the streets. When I asked him how many has he evicted, he told me he has evicted 60 since January 2017, he knows that 30 of them are probably in emergency accommodation and the other 30 are probably out on the streets,
    What has this country come to? Rent and house prices going through the roof did we not learn any lessons the last time?
    When this bubble bursts again I think it’ll be much worse than 09, it seems the whole country is banking on Dublin.

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    Mute Shane Hickey
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    May 9th 2017, 8:45 PM

    I’ve a mortgage on a one bedroom flat with concierge and gym in London for half that

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    Mute Nick Allen
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    May 9th 2017, 9:10 PM

    @Shane Hickey:

    Where in London?

    16
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    Mute Sean Callan
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    May 9th 2017, 9:24 PM

    HOW MANY MEMBERS OF DAIL EIREANN ARE “LANDLORDS”??€€$$££¥¥

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    Mute gregory
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    May 9th 2017, 9:57 PM

    @Sean Callan: I lived in a large town (110k) in NL. They needed more housing. Did a plan and decided on the mix of 5k houses needed. The land was “confiscated” by the Town Council. Property delveopers proposed bids. The best one was chosen. The land is transferred At Cost to the buyer. The developer makes 0$ on the land. Great idea! The developer is a Comstruction Compamy who make money Building houses. If this system did not exist no one could buy property there (hi density). Land Speculatiom is Zero in NL. Smart.

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    Mute gregory
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    May 9th 2017, 10:52 PM

    @Sean Callan: the larger cities in NL (>500k people) like R’dam A’dam Den Haag have the erfpacht system where u never own the ground under ur house – just a 99 year lease – otherwisr property in these hi density cities would be unaffordable. Zero speculation on land price.

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    Mute Kal Ipers
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    May 10th 2017, 7:28 AM

    @Sean Callan: 25% and in the last 10 years the only thing the government did for landlords was to increase taxes. I know it is a popular theory the government are doing landlord favours but the complete opposite is the reality. There is still no protection for landlords if the tenant stops paying which can take 2 years to get them out. Punitive rent caps on people who didn’t increase rents for a number of years also came in.
    What exactly have the government done for landlords that you think they did to favour landlords?

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    Mute cortisola
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    May 10th 2017, 10:24 AM

    @gregory: “u never own the ground under ur house” – terrible, it is like in Sovie Russia !!

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    Mute eastsmer #IRExit
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    May 9th 2017, 10:33 PM

    Another issue is renters paying €1,600 a month for renting but when they try and get a mortgage for €1,500 per month they are refused.

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    Mute Joe Bourke
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    May 9th 2017, 9:12 PM

    The same guys who it was announced today have found a way around rent controls in their other developments in Dublin.
    This is completely bonkers. Rents at the peak of the boom weren’t near this, and this will give impetus to other landlords in the area. Unfortunately, a massive shortage means they’ll have plenty of people willing to pay this and more – especially with the incomes of some of those in the tech companies in Sandyford Business Park. Most of whom are adding more jobs, but with nowhere for those people to live.

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    Mute Adrian Matthews
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    May 9th 2017, 8:39 PM

    History doesn’t repeat itself but rhymes.

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    Mute Tony Daly
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    May 9th 2017, 9:06 PM

    It’s a great little country to be a large landlord in.

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    Mute Pat Redmond
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    May 9th 2017, 11:43 PM

    These are not private landlords – they’re institutional landlords operating in the both residential and commercial markets. The key difference is that the small landlord hands over 50% of the rent in income tax but the big landlords, like the REIT above, pays no or low tax. Journal please differentiate before you tarnish all landlords with the same brush.

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    Mute Marcus Philpott
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    May 9th 2017, 8:36 PM

    Build Baby Build!

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    Mute gregory
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    May 9th 2017, 9:49 PM

    @Marcus Philpott: Reduce planning permission costs. Reduce vat on the build-too high. Also large conurbations in Holland eliminate land speculation/hi cost. How? Something they call “erfpacht”. Basically u buy the property but do Not own the land beneath it so when u buy u get a 99 year lease. This concept was invented to ensure property in hi density areas like The Hague Amsterdam and Rotterdam remain within reach of normal people. Jesus all these problems existed and got fixed before in Holland can some usless Minister just ask them how they fixed it. Da.

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    Mute ed w
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    May 10th 2017, 8:12 AM

    @gregory: unfortunately it would require a sea change in thinking the gov and developers because everyone here seems to love hurtling between boom and bust. Which in the end just hurts the regular person.

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    Mute P.J. Nolan
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    May 9th 2017, 9:21 PM

    Will they accept HAP?

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    Mute @mdmak33
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    May 9th 2017, 10:28 PM

    Michael Noonan should be locked up.

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    Mute ContainerCoffee
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    May 9th 2017, 8:48 PM

    3 beds at Clancy Quay in Islandbridge are going for €3000! Absolutely ridiculous.

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    Mute Tony Daly
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    May 9th 2017, 9:07 PM

    Headline rents will have the effect of dragging up lower rents in a market of restricted supply.

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    Mute Beibhinn McGeever
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    May 9th 2017, 10:00 PM

    @Kerry Blake: aren’t their other Beacon South Quarter apartments the ones where the residents are paying €10k each in repairs? If they were involved in building those how can they be allowed to build again?

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    Mute Ian Walsh
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    May 9th 2017, 8:39 PM

    A fool and their money are easily parted. Plenty of fools around it seems…

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    Mute Frederic Slimane
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    May 9th 2017, 10:30 PM

    still don’t understand why so few houses/flats are being built?with the rents /house prices talked about this has to be a good investment no??

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    Mute gregory
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    May 9th 2017, 11:01 PM

    @Frederic Slimane: No. The cost of construction is still too high. Simply no money in it. Especially given the land prices. For cities/conurbations like Dublin see proposal above which is used in Holland – an excellent example of how to sustain property price in a controlled and reasonable way. Christ do our Ministers Never talk to their Eu collegues. Bloody useless the lot of them these problems existed 40 years ago over there and they solved these issues, just ask them how they did it fffs.

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    Mute Stephen Maher
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    May 9th 2017, 10:27 PM

    What sort of head banger pays 1600 for a one bed???
    Wheres the logic ?

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    Mute kizzy
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    May 10th 2017, 1:16 AM

    These are New York prices

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    Mute Keelan Naughton
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    May 9th 2017, 9:16 PM

    Absolutely disgraceful. Fianna Gael should hang their heads in shame. #BringBackBertie

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    Mute Nick Allen
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    May 9th 2017, 9:45 PM

    @Keelan Naughton:

    I see now, you are just a troll. Is it fun?

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    Mute Jackson Bollovks
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    May 13th 2017, 9:35 PM

    Imagine living in Sandyford industrial estate lol, Dunnes, aldi and a load of expensive furniture shops – there’s not even a decent pub to go to

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    Mute Moggs999
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    May 10th 2017, 11:43 AM

    You would know that a lot of politicians are landlords!

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    Mute Dylan Roche
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    May 9th 2017, 9:56 PM

    If you’re Moronic enough to pay nearly 3K a month for a shite little apartment in a shite part of a shitehole, then you deserve all the shite that comes with it.

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    Mute Fiona Brown
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    May 9th 2017, 9:42 PM

    Fools and their money….

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