Budget a ‘chance wasted to prevent mass exodus of landlords’

The Budget was a “chance wasted” to prevent the mass exodus of landlords leaving the market, a long-term landlord has said.

Maurice Deverell, who has been a landlord for 28 years, said there should have been more measures to encourage remaining landlords and their properties to stay within the market.

Mr Deverell, who lives in Dun Laoghaire, said there has been a significant decline in the number of landlords in the last two years.

He said the decline is attributed to tax regulations, Residential Tenancies Board (RTB) legislation and Rent Pressure Zones (RPZ), which he claimed have increased rents.

Mr Deverell, who owns property in Dublin and Britain, believes that retaining landlords can be done through tax reliefs on inheritance, as well as a capital gains tax deferral.

He did, however, welcome the Government’s…

We’ve summarized this news for a quick read. If you’re interested, you can read the full article here:

Breakingnews.ie