Dublin: Corporate landlords now control over 22% of Dublin’s rental market, with average rents for new tenancies exceeding €2,000 a month, according to new data from the Residential Tenancies Board (RTB). The number of large landlords with over 100 properties has also increased nationwide, with their share rising from 9.5% to 11.17% of the total market.
The growth of large landlords coincides with government tax relief measures introduced in the last budget, which aim to reduce tax on residential rental income. Sinn Féin housing spokesman Eoin Ó Broin expressed concern over the dominance of corporate landlords, noting that their build-to-rent properties contribute to escalating rental prices.
The RTB also reported that, despite an increase in registered tenancies, there were over 19,000 notices to quit issued in the past year. Dr. Rory Hearne of Maynooth University warned that corporate landlords’ increasing control poses significant risks to the rental market.
Irish Samachar English News
{OR} Kindly click to follow the Irish Samachar News channel on WhatsApp