The study also found that Rent Pressure Zones , which limit the extent to which rental prices can be increased in an area, have created a two-tier rental market.
The report has found that RPZs have created a situation where maintaining quality accommodation is not economically justifiable. Institutional landlords are replacing them with their properties being let at much higher rates of rent. A survey of IPAV and IPOA members carried out in tandem with the report found 94% of the 892 respondents blame recent Government policy and regulatory changes for impacting negatively on their attitude to continuing as a landlord.
John71610523 Bullshit. A close relative paid 1800 euros per month for a kip in Rathmines you could not swing a cat in. There were a dozen such flats in the building. My heart bleeds for the landlord. Not.
Yes please increase rent for 2 bedroom apartment in Tallaght from 1900 euro to 2300
Highest rent returns in a decade … btw, rent is never designed to cover all the outgoings. What moron thinks it should ?
Well, duh!!!!!
Pathetic.. Airbnb. Councils sitting on empty property. Nama holding resources,. If you can't afford a mortgage or Rent in this country.. Then what are you supposed to do..? Rip Off corrupt Unaffordable Ireland.
Jaysus only catching on now. This has been going on for years. It's not worth it for small landlords who don't get the tax breaks that the vulture funds get.
With the current rent that is incoming they’d want to be reviewing their outgoings 🙀🤯
Yes with the current rates of rent at the minute and that they are increasing I don't by that for a second
The penny drops.
'The research was carried out by economist Jim Power on behalf of the Institute of Professional Auctioneers and Valuers (IPAV) and the Irish Property Owners Association (IPOA)'
Can I exit the rental market and sell my house with out any money my xx has half of it and I have half of it then we broken up now I have a quarter she has quarter and her mother has half don't ask me how
They have gone to Airbnb where revenue is watching at the moment.
Yeahh, because funds will access capital at lot lower %, will pay 12% tax and will be able to expense a lot more than a private schmuck raped at 50% before mortgage at one of the worst rates in EU… incredibly skewed for FFG corporate buddies
Sadly, talking to small time Landlords, most are getting out. Leaving an open door for corporate landlords. Better solution is to reduce tax and allow small time landlords to remain.
This is what I don't get about this country. Even though I work hard to buy and let out properties and also employ several people I get harassed constantly by the revenue. They never pay refunds on time which I need to keep paying the salaries. It's like they want me to give up.
'warned'
I'm not sure that 'warned' is the right word here.
Bullshite
I'm pretty sure if you asked renters more than 40% would say their earned income doesn't cover all their outgoings - don't know why we're worried about people with unearned income.
Add in property being destroyed, tenants not paying rent, impossible get them out & add in the ridiculous amount of tax when Leo’s mates can come in here & buy blocks of properties and pay zero tax or capital gains.
No one should be allowed parasite on the needs and work of others.. build mote social housing
Right, so the private housing market cannot adequately provide housing services to the people. Scrap it then.
Brilliant, then compulsorily buy all the houses and set up registered social landlords to manage the properties in the interests of the TENANTS and not their PROFITS. Ireland should have secure tenancies like Scotland, housing is a right not a commodity.
The poor creators my heart goes out to them
The lefts handy work brought to fruition
LeoVaradkar A avg of 50grand gross remuneration guy can’t leave proper with these increase in house rents I wonder how would they raise within year span of time.If new house price inc make sense because of materials and services cost.
Genuine question, is it a home for life with security of tenure or a home to own outright most people want ? neither are possible at the moment unfortunately. I'll be renting into retirement, gulp
And DarraghOBrienTD MichealMartinTD will ponder how their policies are not the cause of the situation. We’re witnessing privatisation of of the rental market by corporate buddies of FFG. Either deliberate or too stupid to notice, IMO the former.
Vote seeking politico's distort the market, supply goes down. What a surprise.
If only the 32 local authorities decided to fulfil their function we wouldn’t need so many private landlords. Local authorities don’t have the same regulatory and taxation problems. People are sick of excuses. The housing crisis will lead to the rise of populism
Good. Fek them. Price cap houses and rents. House should cost building expenses plus 30% for profit. Nothing more
Let them…If they leave, they won’t take houses with them.
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