19th March 2026
Flight of Small Landlords More Likely to Impact Non-Urban Areas and Homelessness – IPAV
Responding to today’s Residential Tenancies Board Q4 2025 update, IPAV, the Institute of Professional Auctioneers & Valuers, said today’s figures show, without doubt, that small private landlords are continuing their exit from the market.
This is evident in two figures, the substantial 41% increase year-on-year in Q4 2025 in Notices of Termination (NOTs), and a drop of 749 in the number of landlords with one tenancy in the same period.
Genevieve McGuirk, IPAV’s Chief Executive, said. “This underpins what agents have been reporting in recent months.
“The market has increasingly become a less favourable place for small landlords, in contrast with large institutional landlords,” she said.
“Small landlords pay roughly 52% of rental income back to the State in taxes but institutional landlords have a far more attractive regime.
“This, along with increasingly onerous regulations, is making the situation unviable for many.”
Ms McGuirk said when small landlords leave the market the supply of rental properties decrease. And this cohort of the market, more than any other, is likely to have a negative impact on homelessness, she said.
Existing rentals are generally much lower than new build rentals.
“Additionally new build rental accommodation will only be available in very specific areas and more so in the larger urban areas,” she said. “It also tends to be focused on higher socio-economic cohorts of the market.”
Ends