The ESRI has conducted a study revealing that the impact of short-term lets, particularly through platforms like Airbnb, on the rental supply crisis in Ireland has been overstated. The research suggests that while short-term rentals are prevalent in tourist areas, they are not the root cause of rental shortages across the country. The Irish Government's initiative to regulate these rentals aims to increase long-term rental availability, but findings indicate that many properties may not have been rented long-term regardless of short-term letting platforms.
According to ESRI, short-term rental activity in Ireland does not primarily cause rental shortages, indicating that the housing crisis has more complex underlying factors.
ESRI's report highlights a lack of correlation between Airbnb activity increases and reductions in new tenancies at the local authority level.
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