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New proposals contained in the NESC policy report for Irish rental sector

May 21, 2015 #

Private-Rental-Property-Galway

A new Goverment policy report proposes radical measures to put an end to accommodation crisis in Ireland. It recognises the need of providing tenants with more secure occupancy and creating supply support to increase the availability of affordable rental housing.

Among some of the propositions are:

  • Significant tax reliefs for landlords,
  • Longer leases for tenants,
  • Removing sale of the property as a reason for vacant possession,
  • Low-cost loans,
  • Access to state land on favourable terms,
  • Tax incentives and loan guarantees,
  • Moderate level of subsidy in exchange for affordable rents

You can find more details in National Economic & Social Council Report available online.

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