"Some locations have seen prices fall thanks to the quantity of rentals coming up for sale A flood of landlord-led home sales is sweeping across Ireland's regional towns following changes to the Rent Pressure Zone (RPZ) rules. The new trend means that properties just taken out of rental are now comprising between 40pc and 80pc of all homes sold in some locations during the past three months."
"The new trend means that properties just taken out of rental are now comprising between 40pc and 80pc of all homes sold in some locations during the past three months."
"Some locations have seen prices fall thanks to the quantity of rentals coming up for sale"
Landlord-led home sales have surged across Ireland's regional towns following changes to Rent Pressure Zone (RPZ) rules. Properties recently removed from the rental market accounted for between 40% and 80% of all homes sold in some locations during the past three months. The volume of former rentals hitting the market has contributed to falling prices in certain areas. The trend reflects landlords moving properties from lettings into sales after regulatory changes. Market composition shifted quickly, with a large share of transactions now involving units that were previously tenanted. Local markets are adjusting to the influx of supply.
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