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Large number of landlords exiting property market

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By Ted Healy of DNG TED HEALY

Alarming new figures have highlighted the growing number of landlords who have exited the market in recent times. More landlords than ever are putting their properties up for sale, evicting tenants and driving a rise in family homelessness, new figures suggest.

There was a sharp increase throughout last year in the number of 'Notice to Quit' issued to tenants, according to the Residential Tenancies Board (RTB), rising from 352 in the first quarter of the year to 958 in the final quarter.

Over half of all such notices were given because the landlord decided to sell the property. Over 600 landlords told tenants to move out because they were putting the property up for sale in the last three months of last year.

Many tenants have difficulty securing new places to live, with some requiring emergency accommodation.

Other reasons given – accounting for almost a quarter of all the 'Notice to Quit' – included that the landlord or a family member intended to use the property themselves. A “breach of tenant obligations” accounted for just 14 percent of the 'Notice to Quit'.

The figures from the RTB suggest 80 landlords a week exited the market in the last three months of 2021.
These are alarming figures indeed which show a large number of landlords looking to exit the market.
The property market crash of the late 2000’s saw Ireland create a large number of ‘accidental landlords’. Improved market conditions in recent times have seen people climb up out of negative equity enabling them to exit the market.

The majority of these properties are being purchased for family homes which in itself is a good thing, but the flip side is a declining number of residential rental properties in the market. At the time of writing there are only five properties listed as available to rent in Killarney; four of which are two bedroom apartments.

So what is the answer?

Incentivise landlords with tax breaks on rental income? Rental income is currently classed as general income incurring full income tax liability. Throw in stricter rent controls and compliance costs and is it little wonder people are exiting the market?

‘Good’ landlords who may not have increased their rent or perhaps reduced their rent over the pandemic period are now, in practice, being penalised with rent controls allowing for nominal increases. They are not allowed to now charge market rent for the property! While the theory of these rent controls makes sense and is certainly required, should a practical common sense approach also be taken in specific cases?

Should Local Authorities be allowed to buy any properties with HAP (Housing Assistance Payment) or RAS (Rental Accommodation Scheme) tenants in place, effectively becoming the landlord?

One thing is for sure, a plan needs to be put in place to slow down the disorderly exit of accidental and semi-professional landlords from the market or the already squeezed rental market faces further difficulties.

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Memorial plaque unveiled at Fitzgerald Stadium for Timmy Keogh

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A special commemoration took place at Fitzgerald Stadium to mark the 50th anniversary of the sudden passing of former Dr Crokes player, officer, and selector Tim (Timmy) Keogh.

All-Ireland winning Kerry and Dr Crokes manager Pat O’Shea unveiled a memorial plaque in honour of Mr Keogh, who died suddenly at the stadium on 24 May 1976 while watching the East Kerry Under-12 final between Dr Crokes and Legion.

Pat O’Shea, who played in that fixture as a nine-year-old, delivered a moving address reflecting on the tragedy and his memories of Killarney half a century ago. He described Mr Keogh as a dedicated family and community man who led the way for the Dr Crokes club.

O’Shea recalled how the match was halted and the young players were brought into the dressing rooms, leaving an indelible mark on the town. He also paid tribute to Mr Keogh’s late wife, Kathleen, and noted the bittersweet memory of neighbours and Legion icons Weeshie Fogarty and Johnny Culloty rushing to his aid on the sideline.

Speaking on behalf of the family, Eamonn Keogh detailed his father’s extensive contribution to the black and amber. Timmy Keogh served as club treasurer through the 1950s and 1960s alongside Donie Sheahan and Michael O’Connor, and was a selector for the famous Dr Crokes senior team that won seven consecutive O’Donoghue Cups between 1956 and 1962.

Eamonn thanked Fitzgerald Stadium Chairman Der Brosnan and his committee for permission to erect the monument. He welcomed members of the Keogh, Fogarty, Culloty, and Randles families, alongside several players from the 1976 under-12 panel and MC Denis Coleman.

Eamonn paid tribute to Pat O’Shea’s legendary status in the GAA, noting he remains one of only five managers to win both an All-Ireland senior inter-county championship and a senior club title.

Fr Tom Looney spoke of receiving the tragic news via a letter from his mother while serving in Peru 50 years ago, praising Mr Keogh’s legacy with Dr Crokes and local employer Hilliards. Fr Tom performed a blessing alongside Franciscan Friary Guardian Br Pat Lynch and Fr Billy Hoyne.

The commemoration concluded with a musical performance of ‘Buachaill ón Éirne’ and ‘The Parting Glass’ by Timmy’s son, Don Keogh, on concertina, and his cousin, Máire Breathnach, on guitar.

The large attendance included Mayor of Killarney Martin Grady, Kerry GAA Chairman Patrick O’Sullivan, East Kerry Board officials Dermot O’Connor and Noel Kennedy, Dr Crokes President Jackie Looney, Chairman Eoin Brosnan, and Juvenile Chairman David Byrne.

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Young entrepreneurs spot match-day business opportunity

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Two young local girls showed great business initiative on Saturday ahead of the Kerry v Donegal match at Fitzgerald Stadium.

Erin McSweeney and Jessie Doolin set up a sweet stall outside a house on Lewis Road, catching the thousands of football fans walking towards the grounds.

The enterprising pair did a busy trade selling soft drinks, sweets, and chocolates to the passing crowds before throw-in.

Their match-day venture also caught the attention of the national sports media, with a photograph of the girls at their stall captured by Sportsfile photographer Stephen McCarthy ahead of the game.

23 May 2026; Local vendors Erin McSweeney and Jessie Doolin, right, before the GAA Football All-Ireland Senior Championship Round 1 match between Kerry and Donegal at Fitzgerald Stadium in Killarney, Kerry. Photo by Stephen McCarthy/Sportsfile

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