Claims RPZs To Blame For Continuing Landlord Exodus From Clare Rental Market

Clare FM

The introduction of rent pressure zones in parts of Clare has been blamed for the continuing exodus of landlords from the rental market in this county. It comes as a new report from the Residential Tenancies Board's has shown the gap between the monthly cost for new and existing tenants is widening. New tenants were paying just over €1,200 on average between October and December last year, up 20% on the same period in 2022, while in contrast, existing tenants were forking out €912, representing a jump of 9%. Douglas Hurley of DNG O'Sullivan Hurley in Ennis has been telling Clare FM's Fiona Cahill that while the impact of RPZs in Ennis and Shannon has yet to be fully felt here, it has tightened a market were demand is already outstripping supply.