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Attitudes to the private rented sector in Ireland: Landlord and tenant survey results
ENHR, London March 2015
David Duffy, ESRI
Context
• Surveys undertaken May/June 2014– Part of major study
• Rising rents• Calls for rent controls• Concerns about supply, evictions,
homelessness• BTL mortgage arrears
• Methodology LANDLORDS: Telephone survey, sample of 400, fieldwork between 4-21st 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 13-19th 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 19-26th 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
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%
% households in the PRS (1946-2011)
1946 1951 1961 1971 1981 1991 2002 2006 20110
5
10
15
20
25
30
35
40
45
%
PRTB Rent Index shows rental growth
Q3 2007
Q1 2008 Q3
Q1 2009 Q3
Q1 2010 Q3
Q1 2011 Q3
Q1 2012 Q3
Q1 2013 Q3
Q1 2014 Q360
80
100
120
National Dublin Outside Dublin
Q3
2007
=100
Prices and Rents
Q3 2007
Q1 2008 Q3
Q1 2009 Q3
Q1 2010 Q3
Q1 2011 Q3
Q1 2012 Q3
Q1 2013 Q3
Q1 2014 Q30.0
20.0
40.0
60.0
80.0
100.0
PRTB Rent Index CSO National House Price Index
Age profile of landlords
27-34 yrs6%
35-44 yrs23%
45-54 yrs33%
55-64 yrs23%
65+ yrs16%
Average age of landlord respondents is 52 years
How many rental properties do you own?
1 property64%
2 properties17%
3 properties9%
Over 3 properties10%
Average is 1.9 properties
Reasons for becoming a landlord
Property a good inv.
Additional income
Had to move (negative equity)
Moved in with partner
Bought for chil-drens future use
Pension/nest egg
Inherited the property
By accident Other0
5
10
15
20
25
30
35
40
45
Future Plans as Landlord
Remain, no more proper-
ties62%
Sell as soon as possible
29%
Remain, buy more properties
4%
Undecided5%
Age profile of tenants
18-24 yrs18%
25-34 yrs45%
35-44 yrs23%
45-54 yrs10%
55+ yrs4%
Average age of landlord respondents is 33 years
81% of tenants share, of which...
Partner and children
Partner Other adults Friends Living with children
Other0
5
10
15
20
25
30
35
40
Length of Time Renting Current Property
Length of Time Renting
Current and long term tenancy duration
0-6 months16%
7-24 months40%
2-4 years26%
4+ years18% 0-6 months
5%
7-24 months12%
2-4 years18%
4+ years65%
Why currently renting?
Suits re-quirements
best
No deposit to buy
Earnings too low to buy
Not sure where want to live long
term
Convenient to work etc
Too young to buy
Only in area for limited
time
Can't find a suitable
property to buy
Waiting to be offered social
housing
Other0
5
10
15
20
25
30
35
For many, renting a stage on the way to home ownership
Suits re-quirements
best
No deposit to buy
Earnings too low to buy
Not sure where want to live long
term
Convenient to work etc
Too young to buy
Only in area for limited
time
Can't find a suitable
property to buy
Waiting to be offered social
housing
Other0
5
10
15
20
25
30
35
Location of property
Amount of rent relative to the property
Your landlord
How safe your property is
Security of your rental situation
Condition of the property
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Satisfied Indifferent Dissatisfied
How satisfied with these aspects of your rental property
Happy renting, see myself renting long-term
Renting as can't afford to buy
Renting is great, don't have responsibility of owning
Rent long term if possibility of long lease (3-4 yrs)
Rent long term if possibility of agreed rent (3-4 yrs)
Not fully aware of my rights
Would prefer to own my own home
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Agree Neutral Disagree
Do you agree with following....
Why do over 70% want to buy?
Prefer to purch
ase
Like to
decorate/fu
rnish
own home
Better to own/good in
v.
Pass on to
child
ren
No tenure se
curit
y renting
Want to
live alone in
own home0
10203040506070
Why do over 70% want to buy?
Prefer to purch
ase
Like to
decorate/fu
rnish
own home
Better to own/good in
v.
Pass on to
child
ren
No tenure se
curit
y renting
Want to
live alone in
own home0
10203040506070
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
How do views compare?
Tenant: Accom. standards are improving
Landlord: Accom. standards need to improve
Tenant: lack of supply driving rents
Landlord: lack of supply driving rents
Tenant: Rent increases should be regulated
Landlord: Rent increases should be regulated
Tenant: Govt. should incentivise supply
Landlord: Govt. should incentivise supply
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Agree Neutral Disagree
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