Data from the Rental Tenancies Board points in the same direction, though is calculated from a slightly different perspective. It shows a decline of almost 43,400 in total tenancies from 2017 to the end of 2021 .
So, while some of the figures are slightly out-of-date, a clear picture is emerging. Private landlords are exiting at an accelerating rate. Build-to-rent players have filled some of this gap. But total private tenancies and landlord number are falling and this trend looks to have accelerated last year.
In a market so starved of supply – in the rental and second-hand home sector – who existing landlords sell to obviously matters. There are no precise figures on this, but the RTB data on the number of tenancies indicates that most of the properties being sold are not staying in the rental market. So it appears that most of the landlord properties sold have gone to increase the housing stock in the owner occupier market and decrease it in the rental market. In either case someone has a roof over their head, of course. Despite this, the second hand housing market is also chronically short of supply.
The RTB research, published in 2021 and based on survey data, gives some insight into the smaller landlords. Unlike the larger players, smaller landlords are more likely to be “accidental” – in other words they originally bought the property as somewhere to live. More than half smaller landlords and 70 per cent of younger ones fall into this category.
IrishTimes People will never learn that government involvement equals disastrous results
52% tax
Rent control
Simple 1. Negative equity, could be breaking even now so good time to sell. 2. Massive taxes on rental income. 3. Inflation multiple times that of the allowed 2% RPZ increase. 4. Interest rates gone crazy making it almost non viable when consider 2+3
System is stacked against them. Punitive laws and taxes. No protection against poor tenants who don’t pay or damage furniture or property. As VULTURE FUNDS escalate purchases the wealth in this country is increasingly transferred to large multinational funds. DISGRACE
The Big problems is buying houses for weekends from people he lives outside from ROI or buying as investment. People from UK f.e. pay more as normal prices. We need a priority for living house, first buyer and no for investment or holiday home.
Owner occupiers is the only model that works in this country. Should be a drive from govt to give people a route to financing the purchase of their own homes at a not for profit rate
The problem is not landlords leaving. The problem is not enough housing built.