27th November, 2025
RTB Q4 Update – Small Landlords continue to flee the market, IPAV says this will negatively impact Rental Supply in Non-Urban Areas
Responding to today’s Residential Tenancies Board Q4 Quarterly Update, IPAV, the Institute of Professional Auctioneers & Valuers, said the substantial 35% increase year-on-year in Q3 in Notices of Termination (NOTs) proves that, unfortunately, small private landlords are rushing to the exit gates before new rules take effect from March next.
Genevieve McGuirk, IPAV’s Chief Executive said this correlates with what agents are reporting from throughout the country.
In today’s figures 61% of landlords issuing NOTs did so with an intention to sell, 17.5% because a family member was moving in and 11.5% cited a breach of tenant’s obligations.
Ms McGuirk said there is a marked difference between small landlords and those of scale. “Between Q4 2024 and Q3 2025 there has been a drop of 1,820 landlords from the market with a sizeable portion of these, 1,381 being landlords with just one tenancy.
“This does not augur well for the supply of rental properties outside of the large urban centres where smaller landlords predominate. Institutional landlords tend to operate in the large urban centres, often providing more expensive accommodation.”
She said it will place a greater burden of responsibility on the State.
Ms McGuirk said state policy, through taxation and regulation, has placed an over onerous burden on smaller landlords who pay about 52% tax on rental income. Institutional landlords enjoy a far more favourable regime.
“Smaller landlords have been exiting but it looks like the changes due to take effect from March 2026 will amount to the straw that broke the camel’s back. This is worrying,” she said.
She said Ireland is acknowledged to have one of the most restrictive rent control systems in the world.
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