Search Results for 'Price controls'
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As the ongoing saga of the nation’s housing woes persists, it has been revealed that private residential rental accommodation prices in County Westmeath continue to increase.
Relying on the private rental sector is "not appropriate" for delivering social housing, or tackling Galway's accommodation crisis, especially as there are no properties available to rent for people on Housing Assistance Payment or on rent supplement.
Taxation, unnecessary regulations, rent control and complexity of legislation are the real reasons for the current decline in the supply of rental accommodation, according to Stephen Faughnan of the Irish Property Owners Association (IPOA).
The latest Residential Tenancies Board (RTB) rent index for Q3 2017 showing an increased rate of growth in rents is evidence that rent controls, introduced one year ago last month, do not work, the Institute of Professional Auctioneers & Valuers (IPAV) has said.
Private sector rents increased by 7.37 per cent in the first quarter of 2017, according to the latest Quarterly Rent Index from the Residential Tenancies Board (RTB).
Sherry FitzGerald Lettings is holding a residential rental seminar on Wednesday May 31 to bring clarity to a raft of new residential landlord and tenant legislative changes. Rent pressure zones, rent certainty measures, and changes to Part 4 tenancies are among recent changes of which many landlords have little or no knowledge, or often anecdotal inaccurate information.
Rents in Westmeath were on average 14.7 per cent higher in the first three months of 2017 than a year previously, according to the latest quarterly Rental Price Report by Daft.ie. The average advertised rent is now €770, up 46 per cent from its lowest point.
Property prices will continue to rise unless more dramatic interventions on the supply side are implemented, according to the Institute of Professional Auctioneers & Valuers (IPAV).
The Institute of Professional Auctioneers & Valuers says the Government must heed warnings from the European Commission that rent controls are having unintended consequences on the property market.
The latest Daft.ie rent report has concluded that rents in Mayo have risen by 3.4 per cent year on year and the average rent in the county is now €568 per month, up by 10 per cent from their lowest point since the property website has been carrying out this survey.