Wir haben Irland aufgegeben – es ist nicht vertrauenswürdig, sagt Immobilienriese

““Ireland has made it very clear that it does not want rental,” he says. “We would never look at Ireland again. It’s an untrustworthy environment.

“We invested in the future there and it was just losing a lot of money. So it was a financial decision.”

Kenney’s contention is that the government’s policy of [enforcing a cap on rent increases](https://www.thetimes.com/world/ireland-world/article/are-rental-caps-crushing-irelands-housing-market-rx5dq3p80) has made it impossible for investors such as Capreit to operate profitably in the country any more. Other interventions, such as introducing a penalty stamp duty rate for institutional investors that buy entire developments, have signalled that Ireland is not open for business.”

Great news. Don’t let the door hit you.