The Irish Property Owners Association (IPOA) claims that “government inaction” and a “failing rental market” are the causes of informal leasing agreements, reports Breaking News.
The IPOA was reacting to data from the CSO Rented from Private Landlords 2022 report, which revealed a 73,002 private tenancy disparity between RTB and Census 2022 data.
According to CSO estimates, 47,754 or 65 percent of these are informal letting arrangements.
“Underscores the persistent inaccuracies in understanding the true composition of Ireland’s private rental sector” is how the RTB and CSO characterise the substantial disparity in their reported data, reports Breaking News.
In order to give the government correct information, the IPOA stated that accurate data collecting is necessary, “and the IPOA is urging the Government to seek accurate data to inform future policy decisions.”
The IPOA said: “If accurate, the CSO’s estimations illustrate a failing rental market, and highlight the profound impact of government inaction on the private rental sector, as tenants and property owners are forced into insecure living agreements while rental supply continues to dwindle. The IPOA does not condone the use of informal rental agreements between tenants and landlords and is urging both parties to adhere to the annual registration of tenancies, given the risks and the lack of security and rights associated with informal tenancies,” reports Breaking News.
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