That's a market at balance, something rarely seen in the housing market. Market price is just a number the market puts on an object. In a market that is not operating effectively or efficiently, you will often see swings in either direction as supply or demand levels diverge significantly.A market price is where supply equals demand.
What proof do you have investor demand is minor. If an investor were to bid on a property then it would increase interested parties and therefore increase price. Recent media attention has shown institutional investors out bidding other purchasers.
Have a read of this report. Recent media attention has covered a few events where institutional investors bought out entire developments, they're not bidding against individuals in these scenarios. They're likely to be paying less than the market might pay in many cases, but the fact that they buy up front makes it a very attractive proposition for developers.
Property investment in the form of purchasing one or two properties to rent is a high-risk strategy that brings with it quite a bit of overhead. Most people with a few quid in the bank have no appetite for that.Logic would suggest if you can get a return on investment higher than that in a bank some of the extra €12bn on deposit would find its way to property investment.
I've never seen any evidence of the RTB instigating an action over this. For a tenant to submit a complaint, they're asked to provide evidence supporting their claim. All a landlord needs to do is change some of the details as they register their first tenancy after purchasing a property and the RTB will likely be none the wiser.The rtb has a record of rent charged. This is why landlords are required to update the rtb site with the new rent levels on a property. Which is what I do automatically.