RTB: More landlords registered this year than last

Brendan Burgess

Founder
Messages
53,770

Number of landlords rises 7% to 103,000, new data shows

The number of private registered landlords renting homes to tenants in Ireland rose by almost 7% to 103,035 between the middle of last year and March of this year.
www.rte.ie

The full report is here: https://www.rtb.ie/about-rtb/news/r...ivate-and-approved-housing-body-ahb-tenancies

Extracted from the RTE summary:

The information is contained in a new public data hub launched by the Residential Tenancies Board (RTB), which for the first time allows users to access more accurate and in-depth quarterly information about the Irish rental sector.

The number of private registered landlords renting homes to tenants in Ireland rose by almost 7% to 103,035 between the middle of last year and March of this year.

The hub shows that at the end of March, there were 230,006 private tenancies registered, up 16,829 or 7.9% from the end of the second quarter of 2023.

Indeed, the data shows there was a rise in the number of tenancies in each of the three quarters after June of last year, when the series began.

The information does not explain what drove the increase, however, with the shortage of houses to buy, population growth and more landlords complying with the registration requirements all possible reasons.
 
I wonder if the number of landlords has actually increased.

The RTB is telling us that the numbers registered have increased - that is a little bit different.

It's possible that landlords could be leaving the market while more of the unregistered ones are registering for the first time. I am not suggesting this is happening, but it's a possibility.
 
I would tend to agree with the your observation above. Landlords are selling to avoid the capital gains exemptions and the harder environment.

Maybe the tax credit made more landlords compliant.
 
The figure is 213k for Q2 2023 and for Q1 2024, the figure is 230k. That is an increase of 17,000 new tenancies in a year. It is hard to believe that this is anything other than increased compliance. Such surge would surely have been noticed by now. Also, where did these new tenancies come from? There are only 30k new builds annually and there are currently 15k second hand houses for sale on Daft (many of which are ex. PRS)
 
The Horseman said:
Landlords are selling to avoid the capital gains exemptions
Click to expand...

Are you talking about the 7 year rule? That is not a good reason for selling. If you sell the property after 10 years, you 7/10ths of the gain is exempt from CGT.

Key Post - What happens to the 7 year CGT exemption if you hold onto the property for more than 7 years?

Just wandering if someone could please help crunch the numbers Considering selling my rental in a year or 2. Many factors to consider but for now I just wanted to concentrate on this …. Bought Jan 28th 2014 for cash for €120,000 Government offered at the time no CGT if held for 7 years. It is...
www.askaboutmoney.com
 
For some it may be. Some may want less hassle investment, some may feel we are at the top of the market. Some may feel what new legislation is coming and are happy to take what they made and go.
 
Just realised, the 17k is a net increase. If (and this is just as an example) 5k landlords sold up, this would mean the number of brand new entries into the PRS is actually 22k. It is hard to believe that there was such a large fresh influx in a year, especially when it is hard to find anything to buy.
 
You can spin statistics many ways - as the RTB figures are not very trustworthy, at least in the past, they can spin them even more when comparing apples and oranges
 
One would think that unusual activity by IRES could also skew the data (buying, selling, completing).

It’s one landlord, the same as any other, but with thousands of units.
 

New RTB data on the number of private landlords

Barra Roantree, Director of the MSC in Economic Policy at Trinity College, Dublin // Senator John Cummins, Fine Gael Spokesperson on Housing // Mary Conway, Chairperson of the Irish Property Owners Association
www.rte.ie

If you missed it, have a listen to the interview on radio one this morning. It was a bit of a car crash interview for the person speaking on behalf of landlords.
 
Last edited by a moderator:
ACER10 said:
If you missed it, have a listen to the interview on radio one this morning. It was a bit of a car crash interview for the person speaking on behalf of landlords. It was around 11am.
Click to expand...
Very hard to listen to; an absolute car crash of an interview. This is a major problem for landlords. Tenants have Threshold a slick and well funded organisation whose representatives have media training. The same can be said for other sectors such as farming, small businesses etc. We have complete amateurs like this lady who could not get her points across (not helped in fairness by the interviewer who appeared a little biased)
 
The CSO state that there are 330k private tenancies, the RTB 230k are still short by 100k. As for RTB statistics, the old saying 'Lies, damned lies, and statistics' comes to mind.

The radio interview was embarrassing, in particular the interviewer embarrassed RTE, now that RTE have their exorbitant funding, what was to be expected, revert to obnoxiousness.

The minister stated this evening that they need larger landlords with more than 100 properties to scale up the provision of rental properties. These larger landlords include AHBs, I wonder where the funding comes from?

The death of the small landlord is written in stone, they just don't know it yet.
 
OMG, What an interview, why is nothing ever challenged when it comes to bashing small landlords? - Real Estate agents have openly stated that nearly 70%+ of properties being put up for sale were landlords exiting the market - that's a lot more factual than anything the RTB could conjure up as data!
 
IPOA have consistently missed the main issue by lobbing for tax relief for landlords. That will never get a positive listen and would be better focusing on the regulatory issues facing landlords.
 
jpd said:
You can spin statistics many ways - as the RTB figures are not very trustworthy, at least in the past, they can spin them even more when comparing apples and oranges
Click to expand...
They are trustworthy stats on the number of landlords registered with the RTB, and nothing more. Same as any other dataset.
 
JoeRoberts said:
IPOA have consistently missed the main issue by lobbing for tax relief for landlords.
Click to expand...
I disagree. We all agree that regulatory burden is excessive but it is in and is not going to change for a decade or more now.

What is very possible is an adjustment to the tax rules. I like the German system where you get a CGT exemption if you buy a property and keep it tenanted for a decade or more.

For me this would more than compensate for the regulatory burden landlords now face.
 
Fortune said:
They are trustworthy stats on the number of landlords registered with the RTB, and nothing more.
Click to expand...
They are not trustworthy. Last year I ended a tenancy and notified it to the RTB scrupulously. I got three emails later in the year from the RTB asking me to re-register the tenancy and only on my final, third email did they acknowledge that they had de registered it. This is despite an unambiguous address, me using the tenancy number, etc. There are other such stories online. Either their systems or their staff are rubbish or both.

The CSO would not publish these statistics themselves due to the unreliability of the source data.
 
You must log in or register to reply here.
Menu
Log in
Register