Bespoke Blog

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2020 Q2 Market Commentary

  Many highly paid renters don’t want to buy Ten years ago the Irish housing stock hit 2 million, a new high at the time, before falling  for the next six years, such was the collapse in housebuilding, which failed to keep pace with the depreciation rate. The stock is now expanding again (completions exceeded…

The Importance of a Sinking Fund

The Importance of a Sinking Fund Section 19 of the Multi-Unit Developments Act 2011 governs the establishment and maintenance of a building investment fund, referred to as a ‘sinking fund’. It is essentially a rainy-day fund with a clear set of criteria for collection and spending. A sinking fund is often seen by apartment owners…