Quotes of the Week

"Those new generation developers often ignored the rules of location, building quality and tenant need. They were driven by the mathematics of high volumes of floor space and achieving planning permission quickly. The product of much of their activities will remain empty and forlorn for a long time... Over the next year or so in Ireland my firm will be looking for mainly dull properties in excellent locations let at affordable rents to viable tenants and with generous car-parking." (Bill Nowlan, chartered surveyor.)

David Fitzsimons, chief executive of REI, said the decision to appoint a single agent was motivated by a lack of consistency and transparency displayed by many landlords in setting rents.