Rental Properties - A Market Out of Control?
A new report by the Residential Property Tenancies Board to mark the organisation's 10th anniversary examines if rent controls, which are used in many EU states, would have a benefit effect on the Irish market.
The main conclusion is they wouldn't.
But the report also provides some interesting statistics.
* Only 17% of tenants are happy renting.
* 65% of landlords own just one property
* 29% of landlords want to sell their property as soon as they can
* 68% of tenants are renting because of their inability to buy a house
Despite slight decreases in 2011 and 2012, the number of inspections on dwellings in the private rented sector per year has been increasing since 2005.
The total number of inspections in 2013 was 21,223 which is 211 per cent higher than the 6,815
carried out in 2005.
The map below shows the percentage of inspections in each local authority area which failed to meet regulatory standards.
The results highlight major differences in /non-compliance levels between various local authorities ranging from 0% in Donegal, Limerick and Waterford to 100% in Louth.
Such findings might suggest there is a need for greater standardisation in the inspection of rental properties around the country.
Such findings might suggest there is a need for greater standardisation in the inspection of rental properties around the country.
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