Many landlords are preparing to serve notices to quit to tenants as they plan to sell their houses
“We have a client, a couple in their 80s who have a property in Rochestown, which they are renting at a very low rent, €1,000 a month. When they heard Sinn Féin are not going to allow people like them sell their property to an owner occupier, they decided to sell the property before any change.
Mr Rose said the Residential Tenancies Board reported in 2021 that there were over 40,000 fewer rental agreements in place when compared to 2016 and he said he feared a further flight from the market by landlords, which was not good news given the shortage of new houses being built. Kevin Barry of Barry Auctioneers: said that, over the last month, he has been contacted by 17 landlords who are preparing to avail of the lifting of the eviction ban and have served notices to quit to tenants. Photograph: Denis Hyland
Mr Barry said the lifting of the eviction ban, plus the prospect of further restrictions being introduced by a future Sinn Féin government, means people are now availing of the opportunity to exit the market and seeking to recoup their investment and maximise their return.
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