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

The tenants have bought the home, so there are still only 2 rentals?

Unless the council bought the houses and the tenants rent from the council now?

It makes perfect sense for a landlord to do this however, as its the only way they can charge market rents, at least for a very short period!

Why are you asking what I have seen when you dismiss what I am saying by calling it anecdotal?

They were saying that haven't seen data, have you? Not anecdotes, actual facts and figures.

Your knowledge is good and helps you in the market, it does not give us an overview of the market as a whole. You know older people selling to have family inheriting, this has happened for decades, nothing new there. Just showing that you're now of an age where this is becoming more common within your circles, similar to my wedding analogy earlier.

I have shown that increasing tenancies doesn't mean more is provided for renters and without the context of overall population increase and all housing stock matters.

You haven't shown this though, you gave an anecdote about someone you knew, that is one instance. I can provide a counter anecdote to that. Neither of these prove anything. Unless you have actual evidence and data to back it up it's irrelevant.

Properties purchased close to the peak of the last bubble so the sums made sense. Double the rent on the new property would still be bargain territory when compared to “current market rents"

Fair enough I did misunderstand the question. You however are making some assumptions about my age and what I am saying. Firstly my parents have rented out property for decades not me. I am not an old person seeing people my age selling off rentals due to their age. Traditionally when a rental property was sold it was to another landlord who would do it up a bit and then continue to rent it. The landlord selling it would normally buy another rental, mostly because they actually inherited from a parent and wanted a property with less maintenance and they can sell without CGT. Many landlord children grow to hate the the rental because they were dragged down to redecorate and do maintenance work. This is how it worked, now people are selling and taking the hit on CGT and not buying another rental. The rental property is being sold to a private buyer and in older areas that means there is less to rent around there. This is a big change to the market and worth noting separately to an increase in tenancies.

When I say I shown how it happens that is what I mean. It is not just an anecdote it is an explanation of why overall tenancies doesn't matter and how easily looking at one figure doesn't show reality. There can be an increase in tenancies and a mass exodus of landlords and I have shown how. Are you deny that?

Please provide the information you claim shows how many landlords have left the market. As far as I can tell the only sign is an increase of tenancies which doesn't prove landlords didn't leave

So you have no data and I am pointing how easily those figures don't tell the reality of the situation which is neither good for landlords nor tenants. You want to ignore what I see fine but it doesn't mean I am wrong. There certainly has been a massive change in how rentals are handled and sold. I can only assume you at least agree selling a rental has changed?

You have no data proving me wrong but more importantly you aren't acknowledging how the data can be misleading. You can't even give an opinion selling of rentals has changed

I very familiar with both the rental market and the illustration and examination of statistics. You are speaking on stats can I ask what is your great understanding on this for you, seeing as you don't talk on things you have knowledge of?

If 54% of the reasons for eviction is selling the property what does that tell you? Is there data available for the last 40 years for the the percentage of evictions for the sale of the property?

Do you only believe something if there is a stat for it?

If you can't grasp the concept of rental sales needing to change due to relatively recent rules because there is no data on it so be it. It doesn't make financial sense to buy a previous rental property to rent out again in the RPZ so you would be a fool to say it hasn't made a change

I have already explained why an increase in tenancies does not equal an increase in those being housed. So an increase is not that simple as without the numbers housed in these tenancies doesn't give you a full picture. Without considering the increase in the property market over all and the population increase the figures can be very misleading.

Very simple 100 3 bed houses with an average of 4 people means 400people are housed are sold to private households in an areas.

150 2bed apartments with 2 people on average living in them are built and rented leading to 300people housed.

Tenancies are up 50% but the number of people housed is 100people less or 25% less.

This is certainly happening to an extent to have an effect on looking at the total number of tenancies it gets more complicated when other factors are added. You don't have any data to say what type of property is being sold or the sizes of the new tenancies. It is simply an incomplete view to only look at the increase in tenancies and landlords.

I have decades of experience of the rental market that doesn't have stats of any great detail. You can choose not to believe me when I explained the massive difference in selling a rental now. You don't just not believe me you ignored the change in rules and the effects. You class everything I say as anecdotal but I have actually explained why your simplistic view has issues just from a mathematical view. You don't really know the rental market if you rely on stats you don't understand. On my own road there were 12, 3-4 beds rental properties there is now one 3bed rented. If a tenant wants to live here they basically can't but there is a block of apartments not far away but rent is much higher. No front and back garden, no separate kitchen along with no shed/garage for storage. Tenants gets less for more money. What you also get is when one of the new rentals is sold it will leave the rental market. Maybe these new landlords are just going to flip them in a few years as opposed to landlords that have already provided rentals for decades

I may not own the properties but I have also managed them for 2 decades . You don't seem to get things can be mutually inclusive.

You don't have to agree with my view but it just seems you don't understand which is a completely different issue.

In the last example tenancies and landlords went up but less were housed. You simply don't understand this as concept so can be easily fooled by figures. It is easy to see how the government can fool the general public with such fundamental issues of logic. Maybe you will understand it as shrinkflation on property and less options

You can't even understand the argument.

You don't understand the argument and rely on 1 year it seems. You have not provided the data because the data doesn't exist and you are unable to see that

You've been shown sourced, reliable data and statistics that show the number of tenancies is increasing year on year.

You've been shown sourced, reliable data and statistics that show the number of landlords is increasing year on year.

You've been shown sourced, reliable data and statistics that show the number of houses being bought to be let out is increasing year on year.

All three of which very obviously confirm that landlords are not, infact, fleeing the market in large numbers in reality, in 2025.

You on the other hand have shown exactly zero sourced, reliable, statistics that back up your argument that landlords are fleeing the market. Do feel free to do so, otherwise you're just giving off very strong "old man yells at clouds" energy.

You don't get it. The increase in landlords doesn't mean landlords didn't leave and I have explained how and why that is not a good measurement. The data does not show the information you claim it does