but Pat Davitt of the Institute of Professional Auctioneers & Valuers believes that many landlords are quitting the market because “they can’t get the proper rent for the property.”As a consequence, rent pressure zones were introduced in 2016 and landlords can only increase the rent on a property by 2% a year.
“New properties coming into the marketplace, the rents in many cases are twice what many landlords are being paid at the moment and it’s very unfair,” he complained.“We’re also trying to have some [fairness] from a tax point of view because small landlords are paying up to 55% tax when a lot of the funds that rent these properties are paying no tax.”
A general view of construction work on an affordable housing scheme in Dublin. Picture by: PA Images/Alamy The Government is looking at ways to increase the supply of rental properties in Ireland and Mr Davitt said that slashing the amount of tax they pay is one thing that would help:“And we think that would give some [fairness] to smaller landlords instead of the amount of tax they’re paying at the moment.”
Yep drop it to 25 percent I'll but the 60inch plasma to go wit the house
Nope. Can’t be dealing with modern tenants renting properties in 2022 in Ireland. It’s up to REITs now, they can take all the crap involved.
Aren't rental prices currently based on what people are prepared to pay? not what profit a landlord wants to make? If a landlord sells a house, the house still exists, sold to someone who might otherwise be renting. Reducing the numbers seeking to rent & lowering rental demand.
For every house a landlord owns, there should be a higher rate of LPT. LPT should be removed from PPRs and USC should be ended.
Will they reduce rents if they get it?
SQUAT. put them back in their place. Very successful campaign against vultures in the 80s