Rental market on track to lose 15,000 tenancies in 2023

Sherry FitzGerald, the estate agency, has estimated that the rental market could lose 15,000 tenancies this year.

The agency said an analysis of its own transactions showed that 13 per cent of purchasers of second-hand homes were investors, while 36 per cent of its vendors were investors who were selling their rental property. Marian Finnegan, managing director of Sherry FitzGerald, said if this trend continued across the rest of the year, the rental sector could ...

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Rental market forecast to shrink by further 15,000 units this year, Sherry FitzGerald warnsEstate agent says traditional buy-to-let investors are continuing to exit the rental market at a rate of two to one Who would want to be a landlord? Who Sell to a first time buyer and leave the market. 50% tax, and potential for tenants to overhold, who wants to put up with that!
Source: IrishTimesBiz - 🏆 6. / 77 Read more »