Written answers
Tuesday, 15 January 2019
Department of Housing, Planning, and Local Government
Rental Sector
Maureen O'Sullivan (Dublin Central, Independent)
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100. To ask the Minister for Housing, Planning, and Local Government if new laws relating to landlords and notice to quit will be retrospective and include those on eviction orders. [1177/19]
Eoghan Murphy (Dublin Bay South, Fine Gael)
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The Residential Tenancies (Amendment)(No. 2) Bill 2018 was published on 19 December 2018.
Section 7(1)(c) of the Bill amends Table 1 to section 66 of the Residential Tenancies Acts 2004-2016 to extend the notice periods that a landlord provides in serving a notice of tenancy termination to any tenant who has occupied a dwelling for more than 6 months and less than 5 years. Section 7(2) of the Bill provides that the new notice periods will apply to any period of notice to be given in a notice of termination served by a landlord on a tenant on or after the date of commencement of section 7(1); accordingly, the provision will not apply to notices served before that date.
Mick Wallace (Wexford, Independent)
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101. To ask the Minister for Housing, Planning, and Local Government his views on the trend of large-scale developments of apartment units being sold in bulk to investment and pension funds; his further views on whether this is contributing to a rental cartel; his plans to draft legislation in conjunction with the Minister for Finance to make it a requirement for developments with over 100 units to advertise these units on the open market; and if he will make a statement on the matter. [1477/19]
Eoghan Murphy (Dublin Bay South, Fine Gael)
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There are approximately 340,000 tenancies registered with the Residential Tenancies Board (RTB), of which approximately 310,000 are private rented tenancies. The majority of landlords, just over 70% own just one property, with a further 16% owning just two properties. The table shows that almost 86% of the registered rental housing stock is possessed by landlords with less than 10 properties, reflecting the fact that the overall percentage of stock held by institutional investors is relatively low. Against that background, I have no plans for legislation of the kind suggested.
Table: Percentage of tenancies held by landlords in 2018
No. of Properties Owned by Landlord | Cumulative % Tenancies |
---|---|
Up to 1 prop | 39.5% |
Up to 2 prop | 57.4% |
Up to 3 prop | 66.8% |
Up to 4 prop | 72.7% |
Up to 5 prop | 76.9% |
Up to 6 prop | 80.1% |
Up to 7 prop | 82.6% |
Up to 8 prop | 84.3% |
Up to 9 prop | 85.9% |
10+ prop | 14.1% |
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