Freeze A Jolly Good Fellow

at | 11 Replies

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)

11 thoughts on “Freeze A Jolly Good Fellow

  1. Brother Barnabas

    while always superb, BS headings have been exceptionally so for last few months

    someone’s either off the booze or back on the booze?

    Reply
  2. Rob_G

    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.

    Reply
    1. Optimus Grime

      True, Eoghan Murphy was shouting that it “was outrageous and may even be unconstitutional!” which is heartwarming

      Reply

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