irishabroad2
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Berlins largest residential landlord. , Deutsche Wohnen, has put on hold all its developments in Berlin and has announced it will focus on other German cities instead.
...the uncertainty caused by the plan has prompted Deutsche Wohnen to review almost 1 billion euros ($1.1 billion) worth of renovation work and investments in new Berlin homes, the company said last week. It has also earmarked as many as 5,000 Berlin properties for disposal....
AFAIK you’re correct that those conditions qualify a region as RPZ. However, I don’t think the absence of those conditions reverses the RPZ status.From what I read on rtb website, for a region to qualify as a rent pressure zone, rents must have increased by 7% in 4 of the previous 6 quarters. The second quarter 2019 rents in Dublin increased 3%. I don't know if 3rd quarter figures were released yet but there's a good chance they'll be below 7% also. Does this mean that Dublin early next year may cease to be a rent pressure zone?
If this proposed legislation from Sinn Fein passes, the whole country will be subject to a rent-freeze for 3 years:
Dáil debating bill to introduce emergency rent freeze
Sinn Féin's housing spokesperson Eoin Ó Broin has said the time has come to give renters a break, as the Dáil debates a bill tabled by his party proposing to freeze rents for three years.www.rte.ie
It's a foregone conclusion that FF support will see this bill pass.
How long will it likely take to be enacted?, it's a truly awful piece of trash, the worst kind of cheap politics
Time is quickly coming whereby all rents will be paid to big conglomerates and the likes, with no ordinary Joe the plumber types involved in renting out properties at all. Rules and regulations will make it impossible for the one or two privately owned places to make anything at all out of the exercise. Won't be worth the amount of hassle at all.
Hi galway blow in,No doubt the numbers in the LL business will fall but why do you think the sector will be completely REIT dominated?
Is this a good or bad thing? All our pensions are likely invested in these REITs anyway, so we’ll be seeing some of the return.Time is quickly coming whereby all rents will be paid to big conglomerates and the likes, with no ordinary Joe the plumber types involved in renting out properties at all. Rules and regulations will make it impossible for the one or two privately owned places to make anything at all out of the exercise. Won't be worth the amount of hassle at all.
Time is quickly coming whereby all rents will be paid to big conglomerates and the likes, with no ordinary Joe the plumber types involved in renting out properties at all. Rules and regulations will make it impossible for the one or two privately owned places to make anything at all out of the exercise. Won't be worth the amount of hassle at all.
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