Search Results for 'Rent regulation'

Major reforms to Ireland’s rental sector took effect on March 1, 2026, introducing new protections for tenants and reshaping how landlords can manage and sell rental properties.

The numbers of properties where notice of termination was served increased by the 10 per cent considering the new rental regulations. Landlords with rent-capped properties have been exiting the rental market due to low rental returns with no option to increase rents with sitting tenants above two per cent per annum.

The private residential rental sector in Galway is currently undergoing considerable transformation, reflecting not only local but national market dynamics. These changes are affecting landlords, tenants, and stakeholders across the region. This analysis presents an overview of the principal developments, incorporating expert commentary from Fergal Leonard, Director of DNG Leonard & Heaslip.

The rental market demand in Galway is growing considerably as families, students and couples are looking to move into the city. Galway is a cultural hotspot and with two universities, it has become challenging to find both affordable and available properties to rent.

O’Donnellan & Joyce rental department had an outstanding year. The volume of rental stock increased by 15%. Landlords with rent-capped properties have been exiting the rental market, with new investors coming into the market looking for high rents. Purchases through private pension funds have risen due to the tax benefits. Rents have continued to remain strong across Galway city and county due to the lack of rental properties; however there is a limit to the price people can afford for accommodation. There is a cut off level that is unattainable unless a property is over occupied. Most landlords do not want to over occupy their rental properties.

In the past year rental prices in Galway city have risen by 11.3 per cent, according to the most recent Daft.ie report, published at the end of February.

Commenting on the recent CSO House Price Index for November, IPAV, the Institute of Professional Auctioneers & Valuers, said the results broadly concur with those reported by IPAV auctioneers which showed prices increasing in the latter part of 2023.

O’Donnellan & Joyce's rental department had an outstanding year last year. The volume of rental stock increased by 25 per cent. While traditional landlords with rent-capped properties have been exiting the rental market, we have seen a substantial uptake of new investors into the market looking to avoid savings depreciation through inflation.

IPAV, the Institute of Professional Auctioneers & Valuers, has said the new data on existing rent levels reregistered during Q2 2023 was a welcome improvement in the data set, something IPAV has long campaigned to achieve.

Independent Councillor Paul Hogan has called for the implementation of a rent control on council residential properties with tenants facing the prospect of rate increases in 2024.