Recession creates a tenants’ market

As rents are slipping, an increasing number of property owners find themselves unable to sell, writes Emma Kennedy, Personal Finance Correspondent

21st February, 2009

During the heady days of the property boom, the rental market was controlled by landlords. But now, the tables have turned, and power is firmly in the hands of tenants.

A few years ago, demand for rental properties soared as immigrant workers flocked to Ireland to live the Celtic Tiger dream. Exorbitant property prices meant that owning a property was beyond the grasp of many people, so queues to view apartments and houses to rent...

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