- The Irish Property Owners’ Association has strongly criticised Budget 2027 for failing to address the continued exodus of private landlords from Ireland’s rental market.
- The Government has been warned that local Irish landlords are selling up in significant numbers, yet it has chosen not to introduce measures to make it viable for them to remain in the sector.
- With 50.2% of Notices of Termination in Q2 linked to landlords intending to sell, and investors accounting for 24% of Dublin property sales in the third quarter, the evidence of landlords leaving the market could not be more abundantly clear.
- IPOA says Government is taking a reckless approach by undermining landlords who provide a substantial share of Ireland’s rental accommodation. They warn the loss of local Irish landlords will further reduce rental supply, particularly in rural Ireland, while accelerating the shift towards a market dominated by large institutional investors.
Mary Conway, Chairperson of the IPOA, said:
“This Government has been warned repeatedly about what is happening in Ireland’s rental market, and Budget 2027 shows that it has chosen not to listen. Landlords are selling up, rental supply is under severe pressure, and yet Government has failed to provide measures needed to retain the people who are providing homes to hundreds of thousands of tenants.
This is a reckless approach. You cannot claim to be tackling Ireland’s housing crisis while simultaneously pursuing policies that are driving landlords out of the rental market. Every landlord who leaves is another home that is at risk of being lost from the rental system.
Government had an opportunity in this Budget to give landlords a reason to stay. It has missed that opportunity, and tenants will ultimately pay the price. We urge the Government to immediately review the current state of the rental market and bring in measures that will stabilise supply to protect tenants and property owners.”