There seems to be a lot of bad publicity in relation to reits lately. There is a concerted effort against them, now referring to them as "cuckoo funds". However why are buy to let investors not referred to as "cuckoo investors", it's the same logic even if totally false. The fact is that these funds are actually building apartment blocks that are needed. Most Irish developers do not have the capability or capital to build these and the state is certainly not capable of doing it. As far as I can see most residential development happening in Ireland is still one off houses in the countryside or small estates at the edges of towns. It's also a fact that the government invited in reits and funds to invest in the Irish property market when it was on its knees .
Surely if the government wants to cool down the property shortages, it needs to cool demand since it is incapable of increasing supply. Therefore reduce the ease at which people can migrate to Ireland to do low paid low skilled jobs.
Surely if the government wants to cool down the property shortages, it needs to cool demand since it is incapable of increasing supply. Therefore reduce the ease at which people can migrate to Ireland to do low paid low skilled jobs.