Ireland’s experience over the past decade shows that rental crises cannot be managed indefinitely through emergency measures. Controls introduced as temporary responses tend to become permanent, and permanent systems need to be designed for the long haul.
The latest Daft.ie report shows rents have far outpaced house prices since 2007, with yields pointing to market fundamentals, not overheating. The real danger isn’t another crash but a deepening shortage of homes.
The overhaul of Rent Pressure Zones marks a break from policies that stifled investment in rental housing. It may revive development in Dublin, but systemic issues still threaten delivery across the rest of the country.
The rise in home completions was largely driven by a surge in new apartments. But this surge has stopped due to the tightening of rent controls and the scrapping of Strategic Housing Developments, and Buy-to-Rent codes.
Without any change in conditions, rents this year are likely to be up and not down. Why? Because the rental sector still awaits the kind of policy changes that will generate tens of thousands of new rental homes.
The video games retailer employing over 230 people across Ireland is dependent on funding from its US parent to keep trading and is reviewing expensive retail leases.
Yet another case over rents has been lodged with the High Court. The latest battle involves the German financial giant Deutsche Bank and one of Britain’s richest men.
While some commercial property owners take beleaguered tenants to court, others agree to link rent and revenue. Could this become a standard clause in retail leases?
Eason faces a legal clash over rent arrears with a German fund as challenging trading conditions continue to prevail as a result of the pandemic.
The property developer Paddy Kelly and the McCormack family rent out a property in Dublin’s IFSC to the company behind the Milano pizza chain. They are now seeking summary judgement in yet another landlord-versus-tenant rental dispute.
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