15,000 tenancies could be lost if 'exodus' of landlords continues

Average value of second-hand homes increased by 0.8% in the first three months of the year

Marian Finnegan, managing director of Sherry FitzGerald, said the Government needs to provide more clarity on measures to help landlords. 

The rental sector could see a net loss of 15,000 tenancies this year if the trend of landlords leaving the market since January continues, estate agent Sherry Fitzgerald has warned.

In its latest quarterly report, the company said during the first three months of the year, only 13% of people who bought second-hand homes were investors while 36% of people selling their properties were investors.