Oireachtas Joint and Select Committees

Tuesday, 15 July 2025

Joint Oireachtas Committee on Housing, Local Government and Heritage

Issues Facing the Residential Rental Sector: Discussion

2:00 am

Mr. Patrick Davitt:

I addressed that. The figures relating to landlords are up. The figures for tenants being up was mentioned by Deputy Stanley. The Cathaoirleach is probably as well aware as I am that landlords have been taking properties out of the market for two years because they had no choice. Some of those properties are coming back into the market. It is a very small percentage - between 1.3% and 1.6%. From a leasing point of view, that is roughly more than 2,000 properties and 1,200 landlords. Those figures across the entire country are very small. What hurt the market was the 40,000 landlords left it in the period between 2021 and 2023. It was not ones where there is a small percentage increase who hurt the market and who are the ones the RTB tells us about. We can look at different figures that will suit us at various times, but we are on the ground looking at what is happening and we do not see more landlords coming into the market. We see them giving notices of termination, which is what Threshold is talking about here. We know the reason they are giving them. They are selling properties, it is as simple as that, and have been doing so since 2018. The figures are there.

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