A change for the greater good?

New regulations, which will restrict property owners from using a residential property on a short-term let basis, are expected come in to effect from June 2019. The regulations have been tabled as a means of ensuring that residential properties, once available as long-term residential lets, are not absorbed into the more lucrative tourist letting market, without the requisite planning permission. The change is expected to deliver up to 3,000 units back in to the long-term letting market. In a period of housing shortage, this will come as welcome news for those looking for a rental home.

The Irish Department of Housing, Planning and Local Government have put together proposed changes to planning legislation and have issued a note of the main changes on their website (https://www.housing.gov.ie/housing/private-rented-housing/minister-murphy-announces-regulations-short-term-lettings).

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