Landlord Ires Reit sees political rent rules uncertainty

The country’s largest private housing landlord, Ires Reit, said it is expecting political uncertainty over rent controls following the general election to last for a number of months, while the supply of new housing remains “constrained”.

The stockmarket-listed firm which owns housing units in Dublin city centre and suburbs, as well as in Cork, said revenues it generates from the 3,666 apartments it owns were up in 2019 from the previous year, but profit fell to €86.3m from €119.8m due to a lower revaluation gain.