Brendan Keenan: In Ireland we fail to grasp the concept of apartment dwelling
Buying, letting or renting an apartment is full of risk for landlord, owner or tenant
I STILL remember the first time I saw a grand apartment -- bigger, as well as more luxurious than the average house. It was in Geneva, as it happens, and heaven only knows how much the rent was.
In Ireland we never really did apartments (or, as they are less attractively called, "flats"). Essentially, they were for people who could not afford to buy a house.
It is all very curious. A constant complaint down the years was the high cost of development land, driven by speculation, joined by calls for the implementation of the Kenny Report, which 40 years ago recommended price controls on land. But, when you look around, the evidence is not that development land was too dear, but that it was too cheap.