A report out this week from Daft.ie, Ireland’s number one property website, showed that Irish property prices rose on average 8 percent through 2016. And this rise is expected to continue well into this year. However, increasing prices may push many potential buyers into rental properties again.
The tracker mortgage dishonor and scandal is back in the news and press reports. The ultimate question is Why? The Central Bank came up with a statement that 25% of clients knocked out by the scandal had been given reimbursements. It is important to note that the number of individuals affected by this problem has increased by 23% to 130000 which will further inflate.
Since the cap was placed on rent increases at just four percent per annum, complaints about rent arrears, evictions, and illegal deposit retentions have increased dramatically, causing major disputes between landlords and tenants. The Residential Tenancies Board (RTB) has provided research into the noticeable rise in tenant complaints in several areas of the rented housing sector.