CSO rental report & Landlord statistics

Well there are probably plenty of accidental landlords, or else people who got a land after the last crash who are likely sitting on a windfall now and want to cash out. That is understandable too.

Regarding the non-payment of rent - tenants do have a huge imbalance of power there. But if you are talking about 4 years of non-payment then I assume the landlord must have messed up at some stage along the process? It can be easy enough not to have the i's dotted or the t's crossed but you will ultimately get the non-payer out by following the process. A brazen tenant can take the absolute pi$$ and drag it out a huge amount, but not indefinitely.

Putting a substantial portion of your money into buying one of anything though is mental risky. If you are the unlucky person who gets shafted, you are fecked!

Ok that's fair enough. I was under the impression that most of the extremely long delays result from the landlord learning the hard way that the correct notices should have been served as soon as possible etc.

Not paying rent and overholding is thievery though and should be prosecuted as such. The tenants should have to convince the Courts as to why they were entitled to do so.

It would be interesting to know long a property was rented before it left the market. Are these long term rental properties leaving the market or recent properties who couldn't make it work. Likewise the rent of the properties leaving and those entering. I assume this pushing rents up. But it would nice to see it the stats.

You get this indirectly from the age of the LL, but as LL population ages as a general trend this becomes less useful.

I agree, but the way that rental income is taxed is unethical. Revenue's concept of unearned income should be abolished.

This thread focuses a lo factors that drive out landlords, but in my opinion, the factors pushing demand are far more important. We have the second highest population growth rates in Europe. The only country with fastest growth rates also has a terrible housing problem (Luxembourg). Growing populations have also been associated with higher rental prices here. Some of this growth is natural, but some is immigration, which the Central Bank has identified as a major driver housing needs. There is also a rapid drop in household size by about a 1/3 over the last 40 years which fuels demand.

inflated adjusted rent prices and national population growth

Minister for housing said today that more regulations of short term lets is likely. Owners who advertise properties on sites like airbnb will need a licence.

Will that help the rental market?

I think thats just his kite. Really what he is going to do is ban short term lets altogether or make them as undesireable to run as he has made being an ordinary landlord. Typical short sighted stuff.

No matter what he does he will only make the situation worse. Politician after politician has made this country so much worse over the last few years.

They really have no view past twitter and the next election.

Many of the people doing airbnb type short lets may not want to provide their property on a full time basis. Adding extra layers of red tape, like special licences, may turn that supply off. The minister, eoin o'broin and the ceo of threshold think more legislation will magic up an extra four thousand plus places to the rental market, but the evidence is already there that many people don't want to be long-term landlords.

It's been very clear in the past few months that a lot of people are more than happy to make their property available for short term, eg to do occassional lets or help with refugee accommodation, but they don't want to be landlords that are tied into long term contracts.

All the talk about the 8000 properties that will come from the fair deal changes is pie in the sky too. How could someone who is an elderly patient in a nursing home manage being a landlord? People might say "but they have kids/family/relatives " who could take care of it for them, but who would give themselves that headache and then at some future date have another headache trying to sort out the elderly relatives estate that now comes with tenants? Bonkers.

Whats more frightening here now is that it looks to me that if you give up your holiday home or short term let to refugees you will be the first one to suffer from any new regulation they bring in to "discourage" you from letting it normally.

Posession is 9 tenths of the law for our government. So give up your property with your eyes open to what they might do to you down the road.

I think the garda are only present to keep the peace and ensure citizens are safe, like the case in Prussia Street last year when squatters were evicted. I remember years ago seeing an order for possession addressed to the county sheriff - I thought it was a joke, as I'd only heard of sherriffs from the middle ages or the wild west, but not so, they are still here afaik.

Interesting question JayPS, never really gave it much thought. IDK if it happens on a regular basis, but there have been a few reports in the news in recent years. I don't think it's the garda's job to remove squatters, so presumably when the the landlord has the legal paperwork, they hire their own agents and inform the garda. Maybe the sherriff arrives at the door and orders the squatters to leave 🤣🤣🤣 (sorry, couldn't resist that).

Good luck to anyone trying to rent a place after that kind of publicity though, I'd say most landlords would run a mile.

Sheriff gets the Gardaí if they expect trouble or it gets physical. The Gardaí will remove them with force. I'm assuming it rarely comes to that, most people at that stage of the process accept the next steps.

In the few cases years ago where large numbers of squatters moved in to stop the eviction, the Gardaí and the sheriff just left it alone for a bit until interest died down, protestors/squatters moved on, then rocked in with a with a significant amount of force behind them and turfed them out.