Throwing away the key: why smaller landlords are leaving the rental market

Rent caps and high taxation are among the reasons why landlords with one apartment or house to rent are selling up in their droves

Owen Reilly: ‘Overnight changes that cap rents are unfair and they have consequences’. Picture: Fergal Phillips

Owen Reilly, the estate agent, is selling a Dublin city centre apartment on behalf of a client at the moment.

The two-bed home is based in the Windmill residential block near John Rogerson’s Quay, in the heart of Dublin’s tech and financial district, but even though it’s going for a good price of €330,000, no investor will go near the property.

”A landlord is selling it,“ Reilly told the Business Post. ”He’s selling it because ...