Search Results for 'CostaHawkins Rental Housing Act'

The rental market demand in Galway is growing considerably as families, students and couples are looking to move into the city. Galway is a cultural hotspot and with two universities, it has become challenging to find both affordable and available properties to rent.

O’Donnellan & Joyce rental department had an outstanding year. The volume of rental stock increased by 15%. Landlords with rent-capped properties have been exiting the rental market, with new investors coming into the market looking for high rents. Purchases through private pension funds have risen due to the tax benefits. Rents have continued to remain strong across Galway city and county due to the lack of rental properties; however there is a limit to the price people can afford for accommodation. There is a cut off level that is unattainable unless a property is over occupied. Most landlords do not want to over occupy their rental properties.

Rents in Galway are “out of control and are continuing to rise at a high rate”, and this requires both the freezing of rents and enacting measures to “put money back into the pockets of workers and families”.