Landlords ‘are kind of price takers in the market’, says chair of RTB

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Competitive bidding between those wishing to rent more properties a major factor in driving prices up, says Tom Dunne

Tenants in a market where there was a lack of supply ended up bidding against each other to secure available accommodation.

Some people were prepared pay more to achieve security of tenure and that was because of the shortage of accommodation to rent, he suggested. Mr Dunne said that the problem would not be resolved without an increase in supply. When asked if HAP payments should be increased so people in receipt could also pay more to get security of tenure he replied it should not, warning that people who receive the subsidy would then be able to outbid those on low incomes who do not receive HAP.

 

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