Irish rental market facing takeover by institutional investors, say small landlords 

Irish Property Owners Association said the continued loss of independent landlords risks reducing choice, flexibility and stability for tenants

FILE PHOTO Rent around Ireland has spiked as the supply of homes available for rent has hit an all-time low END 04/09/2019. Dublin Rental market. Pictured a advert in an estate agent in Dublin city specializing in the Rental market showing a 1 bedroom apartment costing 1,215 euro per month in Raheny and another for 1,625 euro per month in Dublin 8. It has been reported that 28% of current landlords are TD’S in Dail Eireann (Irish Parliment). Photo: Sam Boal/rollingenws.ie

Ireland's private rental sector is hitting a "critical" breaking point with recent reforms from the government accelerating the exit of small and medium-sized landlords and paving the way for an institutional takeover of the market, the Irish Property Owners Association (IPOA) has warned. 

Launching its pre-budget submission, the IPOA said the "continued loss" of independent landlords risks creating a rental sector increasingly dominated by large institutional investors, reducing choice, flexibility and stability for tenants.