Ireland: Restrictions On Short Term Letting Coming Into Force
28 June 2019
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New measures coming into effect from 1 July 2019 (under the Residential Tenancies (Amendment) Act 2019 (the “Act“) and Accompanying Regulations) will greatly reduce the ability of homeowners and landlords from letting their residential properties for short term let in designated rent pressure zones throughout Ireland.
With the housing crisis fully upon us, many argue that in times of severe housing shortage and increasing rents that short term letting platforms are exacerbating an already serious problem by removing large numbers of residential properties from the long term rental market.
According to a recent report, there were 4,896 entire homes available on Airbnb in Dublin in December
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