The ESRI's recent research indicates no direct correlation between short-term lets and decreases in long-term rental tenancies in Ireland. As the government prepares to regulate short-term rentals, potentially returning 12,000 properties to the long-term market, the findings question the assumption that short-term lets are the primary cause of rental shortages. Tánaiste Simon Harris reiterated that the root issue lies in the overall lack of rental supply, emphasizing the need for increased housing availability rather than solely focusing on regulating short-term lets.
The report found no direct correlation between short-term lets and long-term tenancy decreases, suggesting rental shortages stem from broader supply issues rather than short-term rentals.
Tánaiste Simon Harris emphasized that the core issue behind rental shortages is a lack of supply, not solely due to an increase in short-term lets.
The Short-Term Lettings Bill will regulate properties in populations over 10,000 and requires registration with a new Fáilte Ireland register for better oversight.
Although the ESRI acknowledges no direct correlation between Airbnb growth and decreased long-term rentals, it still suggests there may be negative impacts of short-term rentals in some regions.
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