{"id":1972,"date":"2022-11-29T12:00:06","date_gmt":"2022-11-29T12:00:06","guid":{"rendered":"https:\/\/www.socialdemocrats.ie\/exodus-of-landlords-underlines-urgent-need-to-regulate-short-term-lets\/"},"modified":"2022-11-29T12:00:06","modified_gmt":"2022-11-29T12:00:06","slug":"exodus-of-landlords-underlines-urgent-need-to-regulate-short-term-lets","status":"publish","type":"post","link":"https:\/\/www.socialdemocrats.ie\/ga\/exodus-of-landlords-underlines-urgent-need-to-regulate-short-term-lets\/","title":{"rendered":"Exodus of landlords underlines urgent need to regulate short-term lets"},"content":{"rendered":"<p><em><strong>Landlords are leaving the rental market in their droves, with 43,000 properties lost in five years<\/strong><\/em><\/p>\n<p>The mass exodus of landlords from the rental market further highlights the urgent need for regulation of short-term letting platforms, according to Social Democrats TD Cian O\u2019Callaghan.<\/p>\n<p>Deputy O\u2019Callaghan, who is the party\u2019s spokesperson on Housing, said:<\/p>\n<p>\u201cReports today that 43,000 homes have been lost to the rental market in the past five years should serve as another wake-up call for the Government.<\/p>\n<p>\u201cLandlords have been leaving the market in their droves. The situation is only going to get worse, with a draft survey by the Residential Tenancies Board (RTB) revealing that up to 18 percent of landlords want to sell their properties in the next two years.<\/p>\n<p>\u201cThe shrinking supply of homes is driving up rents to record levels, as evidenced in last week\u2019s Daft report. The average rent sought for a home nationally between July and September was a record 14.1 percent higher than it was during the same period last year.<\/p>\n<p>\u201cAverage monthly rent across the country was \u20ac1,688, with an asking price of over \u20ac2,200 in Dublin.<\/p>\n<p>\u201cThe Government could immediately increase the supply of rental homes by regulating short-term letting platforms such as Airbnb. On the night of the census, there were 35,000 empty homes across the country, many of them short-term lets. Entire houses and apartments operating as short-term lets without planning permission should be returned to the long-term rental market.<\/p>\n<p>\u201cIn terms of the Government\u2019s housing plan, all the key metrics \u2013 from low social and affordable housing delivery to record homelessness numbers \u2013 are going in the wrong direction. Today\u2019s figures further highlight the need for practical solutions and action instead of endless spin.\u201d<\/p>\n<p><em>November 29, 2022<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Landlords are leaving the rental market in their droves, with 43,000 properties lost in five years The mass exodus of landlords from the rental market further highlights the urgent need for regulation of short-term letting platforms, according to Social Democrats TD Cian O\u2019Callaghan. Deputy O\u2019Callaghan, who is the party\u2019s spokesperson on Housing, said: \u201cReports today [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1499,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[278,10,7],"tags":[],"class_list":["post-1972","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cian-ocallaghan","category-housing-crisis","category-press-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Exodus of landlords underlines urgent need to regulate short-term lets - Social Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.socialdemocrats.ie\/exodus-of-landlords-underlines-urgent-need-to-regulate-short-term-lets\/\" \/>\n<meta property=\"og:locale\" content=\"ga_IE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Exodus of landlords underlines urgent need to regulate short-term lets - Social Democrats\" \/>\n<meta property=\"og:description\" content=\"Landlords are leaving the rental market in their droves, with 43,000 properties lost in five years The mass exodus of landlords from the rental market further highlights the urgent need for regulation of short-term letting platforms, according to Social Democrats TD Cian O\u2019Callaghan. 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