Irish Property Market chat II - *read mod note post #1 before posting*

BlueSkyDreams

https://www.boards.ie/discussion/comment/123531620#Comment_123531620

I'd say it could encourage landlords to stay in the market, especially those that are charging below market rents and feel like they can never catch up.

They will be able to reach the market rate now, even if it takes upto 6 years to do it.

For new investment and new apartment builds, it doesnt appear to offer any incentive at all. New builds can charge market rent from day 1, but they can already do that today... no change.

New builds will not be limited by a fixed 2% rent rise, but they are limited by inflation and if inflation goes too high, i believe the rent cap will be fixed at, yep....2%. No change there either.

If the aim of this review was to incentivise investment and stimulate new construction, I do not think that mission has been achieved.

As the whole country is going to fall under RPZ rules, it would seem likely that landlords not in those zones today will up their rents quickly, before the new rules come in next spring.

Not good news for tenants in those areas.

floorpie

https://www.boards.ie/discussion/comment/123531644#Comment_123531644

Good points.

Regarding encouraging landlords, my understanding is that there's an average of ~2 tenancies per landlord in Ireland. And, "In Dublin, landlords with 100+ tenancies accounted for 22.55% of all private tenancies registered in Q1 2024. Outside Dublin, landlords with 100+ tenancies accounted for 2.56%"

RTB Releases New 'Profile of The Register' Data Series for Private and Approved Housing Body (AHB) Tenancies | Residential Tenancies Board

I'm inferring from this that most landlords might be considered 'small' by the new proposals, which is ⇐3 properties.

I know several people who stumbled into having ~3 rental properties. They make very little from it for the effort in my view, other than inflation of the assets. These new proposals seem like they'll discourage growth in this private sector if it means they'll move into a new category of 'large' landlord with more encumbrances.

I'd love to see absolute numbers of properties by landlord category if anyone has them. I.e. the number of properties rented by landlords with >3 properties

Woah

Does anyone know if the new 6 year security of tenure for small landlords mean that the landlord can no longer evict in the case of sale or needing the property for his own use? I thought they spent years saying such a move would be unconstitutional so I'm surprised if it's now the case.

Hontou

I don't know about a sale but you can only have the property back if it is for your own use or an immediate family member. My concern is, what if the tenant damages the property or is anti-social? Have there been any changes to make it easier to evict rogue tenants quickly? They ruin the market for good tenants and landlords.

Villa05

https://www.boards.ie/discussion/comment/123531620#Comment_123531620

I get the feeling it creates loopholes that the big players can get through, while small landlords are left in a beauracratic limbo.

Its kind of like that program that paid private individuals €400 p/m for housing Ukrainians that was recently cut, while the healy-rae accounts show they are receipt of €1,220,000 from the state for the same purpose over 2 years.

The plant hire business is making over 800,000 per year, would be interesting to see what proportion of that is coming from the state also

Interestingly the shop and filling station is making a loss of 27,000 per year. Profits are difficult to make when you can't feed off the taxpayer and instead have to pay higher costs mainly coming from government

https://www.rte.ie/news/ireland/2025/0610/1517729-michael-healy-rae/

sugarman20

What way will the new 6 year lease work for existing tenants? When will the 6 years start?