Landlords leaving rental market blame high taxes and low profits

RTB survey shows feeling among landlords that taxes are too high and regulatory environment is too stringent

Some 32 per cent of exited landlords cited the regulatory environment as the reason for departing. Picture: Getty

More than half of landlords who have left the rental markets did so because they felt tax on their earnings was too high, according to a new survey by the Residential Tenancies Board (RTB).

The RTB’s survey, which was carried out in November 2022 and canvassed the views of 100 departed landlords, found that 51 per cent of those who had exited the market said they had done so because of high tax on rental ...