Tenancy laws - the real problem is supply

[patfert1]

A quick browse of availability in more rural counties on Daft.ie

Total across the country - 912 Houses to Rent, 1,236 Apartments to Rent
But in a sample of rural counties:


Browing the map views, many of these properties - few as they are - are out in the countryside or in small towns, not concentrated in the county towns where there is employment.
And as I noted in https://www.askaboutmoney.com/threads/rtb-rent-register.243258/page-30#post-1994624, asking prices are very often in excess of comparables returned by the RTB Rent Register. This is hardly a surprise given availability and low supply in rural areas.

Large investors are probably not building in these areas (perhaps in towns like Cavan, Letterkenny, Sligo, but I wouldn't bet on it.) Small landlords are increasingly spooked by tightening regulations, and, whether or not they know it yet, potential risks associated with setting rent levels higher than the rent register comparables.

None of the tinkering with tenancy and rent control laws will encourage new landlords in these areas. So where is supply going to come from, especially for young workers? I'd love to hear the government view or those of the "housing experts" who pop up in the media.

 

[galway]

especially for young workers,

Young Workers are no longer interested in working in areas where rent is taking a large % of take home pay any longer, I find between cost rentals and other Government supports and as I said people not coming to work in the above Counties any longer along with other types of accommodation arrangements along with possibly lots of Building work new and refurbishing going on in quite a few market towns the pressure is off supply, I find renting has gone very local in the past few years,
I see quite a few old houses with Young people starting to live in them again after years idle even without the Government Grant,
Not to mention the fact quite a few young people and not so young are quite happy to live a home now since families got a lot smaller with a parent or two (Intergenerational Living) all adds up to less supply required ,


It is not how many are up on Daft.ie it is how long the are up for and who can afford them and save for a home of their own,

 

[Greenbook]

None of the tinkering with tenancy and rent control laws will encourage new landlords in these areas

This has been highlighted by EAs. Renting out a house in the country is very risky. Tenants stay much longer and there is zero market for tenant in situ sales.

 

[JamieB_]

This has been highlighted by EAs. Renting out a house in the country is very risky. Tenants stay much longer and there is zero market for tenant in situ sales.

Not to mention a mess of confusing rules, regulations and traps all over the place, all designed especially to take control of your property investment out of your hands. Anyone renting out property now has a screw loose.