Kerry auctioneers say new regulations, planned by the government, won’t address the shortage of long-term rental supply.
New short-term let regulations will operate through a Fáilte Ireland registration system; they’ll be in place by summer next year.
This new licensing system will mean that property owners won’t be able to advertise a short-term let, unless they’ve received the required planning permission.
Tralee-based auctioneers Ger Carmody and Paul Stephenson say deterrents like this to short-term letting won’t work.
They believe incentives, such as tax cuts, will encourage landlords to provide long-term letting.
Paul Stephenson, of Sherry Fitzgerald Stephenson Crean estate agents, says what’s needed is the carrot, not the stick: