The Housing Agency Ireland’s Post

The Lettings Industry Council (TLIC) has released a report calling for immediate action to tackle the #rentalmarket #housingcrisis. Co-written by Jacky Peacock of Advice for Renters and Theresa Wallace of Savills who chairs the group and who co-founded the The Lettings Industry Council with Kate Faulkner OBE, the paper puts forward five key measures and ten recommendations to solve the problem. The Lettings Industry Council has representatives across the #rentalproperty spectrum. LandlordZONE reports. #landlords #lettingagents #propertymanagers #tenants https://lnkd.in/ebmwueSP

Rent controls - do they work? Rent controls are a method of regulating the rental market by capping rents or limiting rent increases over time. Vienna serves as a prime example, where rent controls have contributed to making it one of the most affordable and livable cities in the world. However, many economists argue that rent controls do more harm than good and believe that the government should allow supply and demand to dictate the housing market. With rental costs, particularly in major cities like London, spiraling out of control, could the UK benefit from adopting Vienna's low-cost housing policies? https://lnkd.in/eqsHEipk

The Irish cost rental tenant in situ scheme… A mouthful which perhaps we could make more of with a nicer name and more innovative thinking to go further The context. €32m delivering 120 houses nationwide, 23 properties in Dublin sounds underwhelming. How about the Housing Agency giving #dwellr the €32m and we could deliver four times as many houses, same rent but with the upside that many of these tenants actually own these houses within three years rather than have to continue renting. Note to next Minister for Housing-the private sector should assist doing this sort of stuff. A new name for the CRTISS, “lease-to-own”, which builds on this scheme. Which unleashes its full potential to not only get people a roof over their heads but one they eventually also own. It allows the Housing Agency concentrate on its core mandate. Worth a thought.

This week’s announcement from the City of Toronto signals an important step forward in addressing the city’s housing needs. By proposing to eliminate development charges for rental projects that commit 20% of units as affordable and offering long-term property tax reductions, Toronto is seeking a way to spark a new wave of rental housing development projects. This move is a positive step in the right direction in helping to aid the goal of bringing more rental housing options to the market and reduces some of the barriers that have long made it difficult to build in the city, but we still need work with all levels of government to find additional measures that can support continued development of much needed purpose built rental housing in our City.   At Hazelview, we see this initiative as an encouraging move toward creating more resilient, sustainable communities that can serve Toronto’s growing population. We are committed to continuing to collaborate with city leaders and stakeholders to realize these goals and deliver on the promise of rental housing options across the city. Read more about the recent news here:  Build More Homes - Report for Action: https://lnkd.in/gzxhUZQh Toronto council to consider rental development incentives: https://lnkd.in/gieZfhSe Toronto proposes waiving fees: https://lnkd.in/gAMBVBHf #CityofToronto #Purposebuiltrentals #Rentalhousing

North West Local Authorities Owed on Average £2.1 Million in Rental Arrears 🏠 The article below provides an insight into the struggles that housing providers are currently facing with both current and former arrears collection. It's a complicated issue to handle as there needs to be a balance between providing the best possible service and keeping the rental prices as low as possible. It's interesting to see the comparisons nationwide as to where housing providers are owed the most amount of money with London being at the top of the list, doubling the average arrears owed to providers in Yorkshire and the Humber who sit at second. This issue is clearly nationwide so I would be interested to see what all of my housing connections think of these statistics and what they think housing providers can do to decrease these numbers. #RentArrears #SocialHousing #RentalPrice

Rent pressure zones were meant to curb rents. 8 years later, they’re still shooting up: In RPZs such as Dublin, rents for new tenancies were up 6.5% and 5.1% for existing tenancies in 2023. In Limerick rents for new tenancies were up 25%. What’s going on?

Rent pressure zones were meant to curb rents. 8 years later, they’re still shooting up: In RPZs such as Dublin, rents for new tenancies were up 6.5% and 5.1% for existing tenancies in 2023. In Limerick rents for new tenancies were up 25%. What’s going on?

This is an excellent article, pinpointing the need for high quality, long-term rental homes with some John Lewis BrR insight.

The Dutch government is addressing the issue of high rental costs with the implementation of the Affordable Rent Act. Building on the foundation laid by the Good Landlordship Act of July 2023, this new legislation is designed to introduce rent controls specifically aimed at mid-range homes. The primary objective of this initiative is to safeguard the rights of tenants and enhance the overall #affordability of housing. #coops https://ow.ly/cVuc50S5mBH

COMMENT: Corporate landlords' greed and avarice exploitation of catastrophic housing shortage profiteering like Ticketmaster price gouging monopolistic. Needs to be controlled for the general welfare. Blackstone purchased 66 rental properties with 5,800 units in the San Diego area for over $1 billion in 2021, according to the San Diego Union-Tribune. Since then, the company has increased rent at most of these properties by 38% — from an average of $1,696 a month to $2,339 a month — the report states, citing data from real estate research firm Yardi Matrix. One building’s rent prices increased by an average of 79%, while another experienced a 71% jump. Meanwhile, the report says the average rent increase across all apartments in the San Diego market was 20% — from $2,259 a month to $2,706 a month — during that time.