Is Ireland Still the WORST place to be a Landlord?

August 13, 2024 Admin Irish Property

<h2>Is Ireland Still the WORST place to be a Landlord?</h2> It was reported this week on RTE that the number of landlords and private tenancies is increasing in Ireland. Are all the reports from industry experts that landlords selling not true? Talk to anyone in the industry, and they will tell you landlords are selling in their 1000s, reports from all the major property consultancies will report the same data that lettings are down and sales of rental properties are up. Nearly 50% of all the second-hand stock in 2022 was landlord leaving the market. So many people might have been a bit confused by recent reports from the RTB that the number of landlords and tenancies are up. So what is actually happening, Lets take a quick look at that report. And you can make up your own mind if landlord are leaving or not. 230,000 private tenancies. Up 8% over 9 months. A question would have to be asked does take account the fact that approved housing bodies now have to register and didnt before 2022, and that approx 45,000 of the recent registrations have been approved housing bodies. The report only looks at the last 9 months, if you go back to 2016 and look at the RTB reports, there was 325,000 private tenancies, that is nearly a 100,000 drop in the last 8 years. Landlords are up to 103,000 or a 7% increase in the last 9 months. This doent take into account the RTB system breaking down in 2022 and a huge amount of landlords not being able to register and the system is only catching up. If one was to looking at the RTB report in 2016, where landlords stood at 175,000, thats a huge drop in landlords over a 8 year period. My name is Shane Fleming a chartered property expert with over 18 years of experience in real estate, a degree in property economics. The views in these videos are my own and are just entertainment. Credit to : Shane Fleming

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