Eddie Byrne, CEO of Ires Reit, said the company's apartments are achieving sale prices in excess of 25% above book value. Photograph: Chris Maddaloni/The Irish TimesIres Reit, Ireland’s largest private landlord, has claimed the Government’s proposed revision of rental market regulations, including rent pressure zones, is “already” improving sentiment among developers of apartments in the Republic in advance of their implementation in March 2026. Ires also said that occupancy levels across its portfolio remain “strong”, standing at 99.5 per cent at the end of September. Looking ahead, the company said the Government’s overhaul of the rental market regulations, coupled with the cut in the rate of VAT on apartment sales in Budget 2026 and other measures, will improve the supply of units. “Although the proposed new rules will not take effect until March 1st, 2026, Ires is already seeing an increase in market liquidity and improving sentiment amongst developers,” it said in a statement.

Source: The Irish Times November 25, 2025 12:01 UTC