New measures coming into effect from 1 July 2019 (under the Residential Tenancies (Amendment) Act 2019
(the "Act") and Accompanying
Regulations) will greatly reduce the ability of homeowners and
landlords from letting their residential properties for short term
let in designated rent pressure zones throughout Ireland.
With the housing crisis fully upon us, many argue that in times
of severe housing shortage and increasing rents that short term
letting platforms are exacerbating an already serious problem by
removing large numbers of residential properties from the long term
rental market.
According to a recent report, there were 4,896 entire homes
available on Airbnb in Dublin in December just passed. In the same
period, it was reported that there were only 1,496 residential
properties available in Dublin to rent long term on daft.ie. It is
this disparity that has paved the way for the regulation of short
term lettings in Ireland.
