It is a standard apartment development from the Celtic Tiger era, so it’s about 20 years old now. While this includes a contribution towards the sinking fund, can a 53 per cent increase be justified over just seven years? Your query is a variation of a question that many apartment owners are now asking, and it reflects a number of factors. Sinking fund projects can often be spread over multiple years, provided there is a good plan. As such, property owners approaching retirement need to be clear-eyed about how they will provide for these annual charges.

Source: The Irish Times March 16, 2026 09:01 UTC