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Attitudes to the private rented sector in Ireland: Landlord and tenant survey results ENHR, London March 2015 David Duffy, ESRI.

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Presentation on theme: "Attitudes to the private rented sector in Ireland: Landlord and tenant survey results ENHR, London March 2015 David Duffy, ESRI."— Presentation transcript:

1 Attitudes to the private rented sector in Ireland: Landlord and tenant survey results ENHR, London March 2015 David Duffy, ESRI

2 Outline Backdrop to survey Landlord survey Tenant survey

3 Context Surveys undertaken May/June 2014 – Part of major study Rising rents Calls for rent controls Concerns about supply, evictions, homelessness BTL mortgage arrears

4 Methodology LANDLORDS: Telephone survey, sample of 400, fieldwork between 4-21 st May Respondents sourced using database of registered landlords (PRTB); using RED C CATI centre (Dundalk), landlords were called on the phone number provided; TENANTS: Online survey, sample of 500, Fieldwork between 13-19 th May Respondents sourced using the RED C Live panel of 30,000 respondents; an email sent to those who matched the criteria of being private renters, and completed the survey online ESTATE AGENTS: Telephone survey, sample of 100, Fieldwork between 19-26 th May Respondents sourced using a combination of daft.ie and myhome.ie; using RED C CATI centre(Dundalk), estate agent offices were called during office hours, interview was conducted with the most senior member of staff in the office at that time. Red C Surveys of landlords, tenants and estate agents

5 Census 2011: Profile 4 “The Roof over our Heads” Number of households increase by 187,112 since Census 2006 Number of households renting increase by 152,000 Homeownership rate falls from 74.7% to 69.7%

6 % households in the PRS (1946-2011)

7 PRTB Rent Index shows rental growth

8 Prices and Rents

9 LANDLORDS

10 Age profile of landlords Average age of landlord respondents is 52 years

11 How many years a landlord? Average is 9 years

12 How many rental properties do you own? Average is 1.9 properties

13 Reasons for becoming a landlord

14 Rental Income relative to Mortgage/ Loan Repayments

15 Future Plans as Landlord

16 TENANTS

17 Age profile of tenants Average age of landlord respondents is 33 years

18 81% of tenants share, of which...

19 Length of Time Renting Current Property Length of Time Renting Current and long term tenancy duration

20 Why currently renting?

21 For many, renting a stage on the way to home ownership

22 Assessment of renting experience

23 How satisfied with these aspects of your rental property

24 Do you agree with following....

25 Why do over 70% want to buy?

26

27 What are my rights? 33 per cent of tenants agree with statement that they are not fully aware of their rights Issue also emerged in estate agent survey 51 per cent of estate agents said landlords not aware of rights, 52 per cent said not aware of responsibilities 34 per cent of estate agents said tenants not aware of rights, 69 per cent said not aware of responsibilities

28 Future intentions

29 How do views compare?

30 Summary All identify supply as an issue For many tenants renting is a transition to home ownership Overall tenant perception of renting is positive Over one third of landlords are “accidental” landlords One third of tenants intend to stay in the sector, close to 30% of landlords intend to leave. Possible policy options: – Security of tenure – Unfurnished accommodation


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