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Thu 09 Sep 2010Property Investor
Rental property owners are waiting anxiously to see how Nama will deal with the estimated 12,000 unsold apartments in the Dublin area
WITH SOME estimates putting the number of unsold apartments in the greater Dublin area as high as 12,000, the next few months could be a testing time for owners of rental properties. Investors struggling to deal with negative equity and rising interest rates, not to mention lower rents and more frequent void periods, are now concerned about Nama’s plans for unsold apartment developments in the Dublin suburbs.
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