From top: the price of shares in Ires REIT have fallen following an emergency rent freeze proposal by Sinn Fein’s Housing Spokesman Eoin Ó Broin in the Dáil yesterday
Further to a Sinn Féin proposal that would freeze rents on existing and new tenancies for three years.
This morning.
Shares in the State’s largest landlord, Ires Reit, slipped more than 5.5 per cent on Wednesday morning after Sinn Féin introduced a Bill providing for a three-year rent freeze across the private rental market.
Ires, which had 2,771 residential properties as of the end of June, with more in development, could suffer the most of the listed property entities given its exposure to the rental market.
As much as €53 million was cut from the company’s market value as its shares dipped to €1.72.
*scrapes tiny violin”
Ires shares slip on Sinn Féin proposal for rent freeze (Irish Times)
Dáil debating Sinn Féin bill to introduce emergency rent freeze (RTÉ)
while always superb, BS headings have been exceptionally so for last few months
someone’s either off the booze or back on the booze?
Thanks, Brother!
Hic.
On the booze then.
Creative genius requires a lubricated mind.
I don’t drink but Olga, Niall and Chompsky chug it back.
In vino veritas.
I don’t hold with his politics, but I do like Eoin O’Broin has nice choice in glasses.
On a related note, I have been thinking of buying shares in ires reit for a while, might pull the trigger on them now.
He looks like Himmler in those glasses. He was a nationalist socialist as well.
Blushirts won’t like this
True, Eoghan Murphy was shouting that it “was outrageous and may even be unconstitutional!” which is heartwarming
poshboy must be afraid of losing his Christmas bonus
People need to make money and if it requires a few scrotes starve to death in the winter, what of it?