Ms Ann-Marie O'Reilly:

We have seen an increase in landlords selling. We can only try to guess at the reasons landlords sell based on what we hear reported, what we hear from some of our colleagues who are here today, and what is in the RTB surveys of landlords. Certainly, in one of the first RTB surveys done, perhaps five years ago, many landlords were just coming to that time when they were getting out. They had planned to be a landlord to have a home to retire on and to sell that home, so it was coming to that point. For some of them it was timing and the tax benefit, the capital gains relief that was mentioned a while ago. In 2019 we started to see that coming to an end and it made sense for some landlords to start exiting at that point to get the benefit of that. In some of the most recent reports from the surveys of the RTB we see that some landlords have started to cite financial reasons for getting out.

From what we see, those are possibly some of the reasons for it, based on the reports and the limited information out there.