2021-04-30 19:12:54
30% of high-priced flats around Dublin city are empty.
The foreign investment funds who have been allowed to bulk purchase these apartments have figured out that it's more lucrative to leave them empty than reduce prices as all of Dublin is designated as a rent pressure zone. Consequently landlords cannot increase rent prices by more than 4% per year. If they drop the prices, it could be difficult to raise them again.
Ires Reit which is based in Canada is Ireland’s biggest private landlord, and they own over 3,700 housing units around the city currently. They've also been accused of exploiting the housing crisis in Canada.
This isn't a crisis though. The use of this word 'crisis' suggests it wasn't engineered, like the lack of affordable housing was caused by an earthquake or some other calamity. Our borders have been deliberately left wide open to inflate housing costs for the benefit of a global elite and the landed gentry class.
In 2016, the Irish Times reported that the annual rent paid to Ires Reit when they had 2,288 apartments across Dublin in their porfolio was €40 million.
“It’s a great market,” remarked David Ehrlich, the CEO of Ires Reit. “We’ve never seen rental increases like this in any jurisdiction that we’re aware of.” “I truly feel badly for the Irish people,” he said of the climbing rents. But answerable to Ires Reit’s investors, he says he's not going to “put the brakes on just yet.”
These are the profiteers of mass immigration and the globohomogenisation of our nation and the authorities fully facilitate them.
When a member of the public complained to The Competition and Consumer Protection Commission (CCPC), they ruled that Ires Reit are not breaking competition rules despite them purposely leaving their housing units empty to to keep rent prices artificially high.
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