More than half of landlords in the Republic had a net rental income of below €10,000 in 2019, according to a report by the Central Statistics Office (CSO).
A further 28.6 per cent generated income between €10,000 and €19,999, meaning that nearly 80 per cent earned less than €20,000 from renting their properties.
Net rental income excludes allowable expenses claimed for things such as repairs, interest and other costs. Expenses typically equate to about a third of gross rental income.
The CSO’s Rental Sector in Ireland 2021 report, developed in collaboration with the Residential Tenancies Board and the Department of Housing, suggests the sector here comprises a significant number of small landlords.
Some 86 per cent of the State’s landlords own one to two properties, while 0.3 per cent had 20 or more rental properties.
The median (or middle) gross income of landlords, after adjusting for inflation, was €48,729 in
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