Drop of more than 20,000 tenancies in Ireland last year as landlords ‘flee the market’

Rental market: The RTB’s annual report for last year reported 223,979 private registered tenancies, a decrease of 22,474 from 2022′s 246,453.

A possible cause for the drop is the removal of historical tenancies from the register, said the RTB, however, the Institute of Professional Auctioneers and Valuers argued it is down to landlords exiting the market. Davitt argued that rent pressure zone legislation has resulted in “unintended consequences,” namely private landlords “fleeing the market”, saying the measure should have instead been a short-term provision while supply caught up.

Separately, the RTB received 9,908 dispute resolution applications, 53 per cent of which were lodged by tenants, according to its annual report.

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