It’s been long recognised that there are winners and losers in the present downturn/recession/depression; whilst the majority of the population is suffering from reduced employment, unemployment, lower gross wages, higher taxes, some sectors have been doing okay, the old defensives like the public sector for example and the so-called sheltered professions of doctors, lawyers, pharmacists. Some sectors are booming, receivership obviously, but property asset management is coming of age in the country as well.
As a onetime apartment owner I can only say that the property
management company we had to deal was an utter disaster we started to pay 250 Euros
per year Fees and ended up paying 1950 Euros. The whole way the company was set
up and the control they had gave them the power to do whatever they wanted. It
turned out the developer had his relations run the whole complex and we the so
called owners ended up paying through the nose to the same developer all over
again after having paid way over the top prices for what can only be described
as shoeboxes in the centre of Dublin .I got out with just about what I paid for
the apartment. I will never again buy an apartment!