Readers Blog: Good landlords penalised by Government’s rental policies
The Irish Property Owners Association (IPOA) wish to clarify the recent publicity about rent increases including this week’s Quarterly Report by the Residential Tenancies Board.
Chairman Stephen Faughnan says that the increases are based on new rentals only and “there is a lack of understanding that existing rentals may be up to 50% less than the new lettings” which are based mainly on new developments by multi-national investors who are not here for the long haul, unlike the traditional landlord.
Property owners who rewarded their good tenants by keeping their rent low have been unfairly penalised when they re-let their properties.
“When you drill down and compare the figures, it is easier to see how there is actual discrimination caused by the Government’s so-called rent pressure zones,” he said.
“The plethora of publicity about rent and the figures outlined recently on the growing numbers of homeless people give little credit to Government policy over the past six or seven years.
“When viewed in the light of the vast amount of money squandered on the failed water charges and
metering fiasco which leaves our politicians in Government with a lot of egg on their faces. Will anything change in the coming year? Most likely not.”
