Analyze the Impact of REITs on the Irish Real Estate Market

Abstract

In 2008, Ireland's real estate bubble economy burst, which ushered in a real estate market crash and credit crisis in Ireland. The Irish government created the National Assets Administration (NAMA) to purchase bad real estate loans from banks to solve credit problems. In 2013, Ireland introduced the REIT law. The establishment of REIT brought sustainable activities to the real estate market. REIT has attracted many investors and reintroduced working capital to the construction industry. In 2020, COVID-19 began to spread in Ireland. The epidemic greatly limited the development of some real estate and the operation strategy of REIT. This article draws a conclusion through the qualitative analysis of REIT. REIT plays an important role in the recovery of Irish real estate market economy. At the same time, it also has a great impact on Irish real estate market. However, REIT has been established for a long time, so it is impossible to quantify its future performance with existing data.