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

There is no evidence of an increase in LL's. The RTB says there is an increase if new registrations but thre is not an increase in properties available. It's hard to know if LL's are exiting bit there is nothing to indicate an increase in supply.

You would presume that new supply would appear on daft, but there is little or no supply on Daft.

However there are many things that can skew RTB figures. Take a situation where an individual has a house or apartment and is using a rent a room, moves in with a partner and then rents his home to his orginal tenant and another individual and registers with the RTB. There has been a certain amount of regularisation by LL's where they were not registered and have registered with the RTB over the last 2-3 years.

One I have personally come across is where a LL had multiple properties, he transferred 4 of them ( not his total portfolio) to his four adult children 3 of whom had there own homes who continue to rent them and I presume have registered with the RTB. The 4th moved into the property that was transferred to him. The LL has disposed of at least one more which was purchased by an owner occupier. So we have a net decrease in supply of two and a possible increase in RTB registrations of three.

I am not sure about CSO figures. Last census was 2022, the RTB has indicated an increase in registrations. However ask anyone looking for a property to rent is there much out there. All we hear about is of evictions which h the RTB has made harder and harder

A few years ago there was the LLs stuck at the lower end of the market exiting and that was causing average rents to jump >10% but that cohort will all be long gone by now.

I'd be interested in hearing this too, just about to give that recording a listen. Absolutely shocking if true.

I have noticed that a lot of houses selling over the last few years around me in D7 all seem to have AirB&B lock boxes appear out front a few months later. Wouldn't be registering in that 79%, mind you.

So if the 79% is true it would be even higher if you factored in AirB&B too

Good post from Reddit Ireland where someone ran some of the numbers from the stats, don't look to be adding up against SF's 79% claim:

'No, I can't see where they are getting 79% from.

The stats on house purchases are in table HPA02 from the CSO, and it splits the types of buyers into:

• First‑Time Buyers (FTBs): People buying their first home
• Former Owner‑Occupiers: People moving from one home to another
• Non‑Occupiers: Buyers purchasing property without living in it, e.g. mostly landlords or buy‑to‑let investors
• Non‑Household Buyers: Various entities that are not individuals like private companies, charitable organisations, State bodies, pension funds, Approved Housing Bodies (AHBs), Local Authorities etc.

The breakdown for each (2024) for County Dublin:

About 80-90% of dwellings bought by Non‑Occupiers and about 20% of dwellings bought by non‑Household Buyers could be classed as "bought by a landlord". A small proportion of Former Owner-Occupier and First-Time Buyer Owner-Occupier might be landlords too (67.7% of purchases).

So, I think the proportion of dwellings bought by landlords in County Dublin in 2024 was ~15%.

I don't see how they got 79% without some massaging of figures.

They might have restricted their stats to a small geographic area e.g. DCC or part of, or just new homes (rare in DCC), and specifically new apartments in DCC.'