The Government must avoid watering down the initiative to the point where it does not have any significant impact
Short-term letting to tourists of accommodation that is suitable for long-term rental is contributing to the shortage of homes. The lure of higher rents and the avoidance of the legal obligations imposed by long-term tenancies are two drivers of the trend.
Its weapon of choice is the planning system via the creation of a short-tern tourist letting register. Anyone offering accommodation for 21 nights or less will have to register with Fáilte Ireland or face fines of ¤5,000. Ireland’s ‘sick’ car insurance system: A scrape involving two drivers who know each other turns ‘nasty’
The true impact of the measure – both on tourism and the shortage of housing – is hard to predict. Similar measures in European cities have had the desired effect of increasing the long-term rental stock but the unforeseen risk to the tourism sector, particularly outside of major urban areas, is not trivial.
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