Covid-induced surge in Irish house prices has reached tipping point – The Irish Times

The property cycle has three distinct phases: boom, slump, recovery. The slump phase, the one we’re about to enter, typically tends to be met with denials. We’ll be told that prices can’t go down, not with the current demand demographics backing them up. We’ll be told that Ireland’s chronic undersupply makes it an exceptional case

Renters on the rack: Pressed tenants lift the lid on stress and greed – The Irish Times

Difficulties encountered by those renting homes countrywide are nothing new but latest testimonies from Irish Times readers illustrate just how embedded they have become, with little sign of imminent change. A report this week showed market rents have risen by 38 per cent over the past five years, and more than doubled in a decade,

Rents rise 12pc as stock of available properties hits all-time low –

THE supply of homes to rent has hit a new low, sending costs shooting up for new tenants. ents rose by 12pc compared to this time last year to hit an average monthly cost nationwide of €1,567, according to the latest report from This is more than double the low of €765 a month seen in

'Crazy' rent loophoole affecting over 1000 in Cork to close as Cork TD introduces new bill – Cork Beo

Over 1,000 renters affected by a loophole that allows Cork landlords to increase rents to “whatever they want” are to be protected under a new bill brought before the Dail on Wednesday. Some renters in parts of Carrigaline, Ballygarvan and Crosshaven have previously been excluded in a Rent Pressure Zone – meaning landlords in the

Airbnb impacting on housing shortage – The Mayo News

MAJOR PROBLEM There are 249 properties in the Westport area listed on Airbnb. Council admit website is adding to county’s housing shortage Oisín McGovern THERE are more than 12 times more properties currently available for short-term lets on Airbnb than there are available for long-term rent in Mayo. An analysis found that there were over 300

More regulation on short term lets on the way, minister hints – Newstalk

Further regulation restricting short-term holiday lets is likely on the way as the current rules are “not necessarily being adhered to”, the Minister for Housing has suggested.  This week it was confirmed that the cost of renting for a new tenant had increased a further 9% by the final quarter of 2021 and the average

Rents soaring as landlords leaving market cuts new tenancies in half –

A huge reduction in the number of landlords offering new tenancies has emerged as rental costs have surged again. he shortage of properties means people are spending significant chunks of their income on accommodation costs. New rental tenancies were 9pc more expensive in the past year, according to the latest rent index from the regulator

How a ruthless Irish gang found a home away from home in Dubai and an enemy in the White House –

In the world of boxing, Daniel Kinahan packs a heavy punch, having managed some of the sport’s biggest names and launched one of its most influential companies, MTK Global. Outside the ring, the native Dubliner has earned a reputation as a heavyweight in a more extreme arena. Authorities in Ireland, the United States and other

ESRI Review of rent stabilization measures – Lexology

Section 36 of the Planning and Development (Housing) and Residential Tenancies Act 2016 introduced a mechanism by which specific areas could be considered for designation as a Rent Pressure Zone. A Rent Pressure Zone is a designated area where rents cannot exceed general inflation or 2% per year, whichever is lower. Recently, the Economic and