The position with regard to valuing investment properties will be interesting to say the least.
As I understand it, everyone's now tied to this 4% nonsense, even if they were renting at less than market rate.
So will estate agents now quote the annual rent?
And most seriously, a month ago two identical properties were worth the same. Now, potentially, one could be worth substantially more than the other. How will that play out? And does the owner of the less valuable property have grounds to sue the State? And what will banks make of these new rules in terms of lending?
An unholy mess in my view.