New rental properties may be driving higher rents, industry group claims – The Irish Times

New rental properties or new tenancies that are exempt from Government rent pressure zone legislation may be the reason why rent controls have failed curb rent inflation, an industry group claims. According to Residential Tenancies Board (RTB), rents rose at an average rate of 7 per cent in the second quarter of 2021 to stand

I have 'effectively' frozen rents, claims housing minister – Irish Examiner

Housing minister Darragh O’Brien has claimed he has “effectively” frozen rents across the country. Darragh O’Brien made the claim following a Land Development Agency (LDA) survey that found a third of renters are paying unaffordable rents. The survey revealed that 32% of renters pay more than one-third of their income in rent, rising to 38%

Exodus of small investors shrinks rental stock by 22,000 in five years – The Irish Times

The exodus of small investors from the Irish rental sector has reduced the number of available tenancies by nearly 22,000, estate agent Sherry FitzGerald has estimated. In its report, it said traditional buy-to-let investors were exiting the market at a rate of almost two to one and that this had aggravated a supply shortfall, which

Making Housing Affordable – Lexology

The Affordable Housing Act 2021 (the “Act”), which provides for an expansion of the role of the State in the provision of affordable housing at below open market prices, was signed into law on 21 July 2021. The Act aims to increase the stock of affordable housing with the introduction of the following initiatives: Local

The Affordable Housing Act 2021: New Measures – Lexology

The Affordable Housing Act 2021 (the “Act”), which provides for an expansion of the role of the State in the provision of affordable housing at below open market prices, was signed into law on 21 July 2021. The Act aims to increase the stock of affordable housing with the introduction of the following initiatives: Local

Out of pocket and out of mind – it seems Government would rather forget about renters – Independent.ie

While the Government did its best to appease both young and old in Budget 2022, it seemingly forgot the one cohort of people who arguably need help the most – renters. In fact, there was little mention of the biggest crisis facing the country at the moment in the Budget. Ministers said the Zoned Land

Cap on rent increases to be introduced within weeks, Taoiseach says – The Irish Times

Minister for Housing Darragh O’Brien will introduce a new cap on rent increases “in the coming weeks” to keep them below the rate of inflation, the Taoiseach has told the Dáil. Micheál Martin said the limit would keep downward pressure on rents in order to ensure they do not rise as they had done in

'Landlords will continue to quit the market until something is done' – Independent.ie

A couple left more than €30,000 out of pocket after a tenant stopped paying rent are calling for an overhaul of the dispute resolution process, describing it as “an utter failure”. an Corbett and his wife Joy King-Corbett own a property in Co Limerick. They spent two-and-a-half years battling to get a tenant out of

My landlord is selling our flat. Do I have to move out? – The Irish Times

I came to Ireland with my wife 15 years ago and after some time we settled in Cork. We rented a flat in an old house, close to the city centre. Some years later we had our son. The landlord is now selling the property. The agent and the owner have said I have to

Average rent in Clare rises to €900 – Clare Champion

County saw the second highest rent rise in country over 12-month period CLARE has seen the second highest increase in rents in Ireland over the past year.Average rents in the county now stand at almost €900, according to the Residential Tenancies Board, with a 16.1% increase in one year.Between the second quarter of 2020 and