10,000 Apartment for Sale in Dublin?
It was reported in the Times that Irish Residential Properties Reit (Ires), the country’s biggest landlord, is forecasting that up to 10,000 apartments may hit the market in the next two years.
Is this an early signal of a crash? Are funds in trouble due to interest rates, and is everything about to implode?
I have been forwarded and sent messages on this headline with comments like crash has started, and questions about when will the apartments be available to buy by the public and will this drive down prices.
Ok so lets consider what might happen or what is likely to happen.
For those new to the channel, I am shane fleming, worked in real estate for last 20 year nearly, working on a proptech start-up at the moment called Propgen, have a degree in property economics and also create some YouTube videos so consider subscribing.
Lets look at the headline of 10,000 apartments coming on to market over next two years in the following context.
The market landscape
The fund structures
The building and Issues faced if sold on the open market to the public.
Who might be interested in buying
The impact on supply
My name is Shane Fleming a chartered property expert with over 20 years of experience in real estate, a degree in property economics. The views in these videos are my own and are just entertainment.
Credit to : Shane Fleming