A study of the future of the private rented sector, including consideration of measures to achieve a greater level of rent stability, has been commissioned by the Private Residential Tenancies Board (PRTB), which is the State body that adjudicates disputes between landlords and tenants, and registers all tenancies in the sector.
It will assess the economic, policy and taxation treatment of the sector with a focus on measures that will increase the supply of affordable and good quality accommodation.
It will also examine the possibilities for tax reliefs for landlords and/or tenants, including indexation of rent supplement and possible incentives for landlords to rent to social rented tenants.
This initiative follows a request from the Minister of State for Housing Jan O’Sullivan TD to the PRTB to undertake this task as a matter of urgency with a view to identifying policy options.
The outcomes of the study will be an input to the Government’s Social Housing Strategy, due to be published in the autumn.
“A key objective of the report will be to advise the PRTB on how the rental sector can be sustainable into the future and can play a vital role in accommodating a wide range of households in affordable and good quality accommodation,” said PRTB chief executive Anne Marie Caulfield.
Given that the private rented sector has almost doubled in size between 2006 and 2011, and that about 20pc of households in the State are now renting their home in this sector, the report will seek to profile tenants and landlords.
The consortium of parties undertaking the study is led by DKM Economic Consultants, and also includes the ESRI, Red C Research and Marketing, and law firm Ronan, Daly Jermyn.
Contracts were awarded in May after a competitive tender, and the PRTB expects the study to be completed in September. A preliminary report on potential measures to stabilise rent levels is due to be supplied to the PRTB in July.