There Are 12x More Short Term Lets Available Than Rental Properties in Ireland
There Are 12x More Short Term Lets Available Than Rental Properties in Ireland
Text: Izzy Copestake
Air bnb’s reign of terror.
In Ireland, there are currently 12 times more “entire” properties available on short-term letting platforms than there are homes listed for long-term rental, according to new statistics demonstrating the extent of Ireland’s housing crisis.
Tourists and visitors have access to nearly 22,000 entire homes or apartments advertised on short-term rental sites. This is a grim contrast to the 1,800 properties that were available nationwide for long-term rental on Daft.ie over the past week.
A total of 34,000 short-term lets were advertised across four major booking platforms in May.
In response to a parliamentary question from Social Democrats housing spokesperson Rory Hearne, Tourism Minister Peter Burke confirmed that there has been a 10% increase in short-term rentals annually. However, he admitted that due to the lack of a national register, there is currently no way of knowing whether these properties are people’s primary residences or not.
The continued surge in short-term listings, coupled with the stagnant supply of long-term rental homes, has reignited calls for stronger regulation of the short-term letting sector as Ireland’s rental crisis deepens.
