The high proportion of Airbnbs compared to rental properties is particularly high in counties that are known to attract tourism, particularly Donegal, Clare, Kerry and Cork county
There were only 31 properties to rent in Donegal in comparison to 1,796 Airbnbs available at the same time across the county, according to a recent report.
There are significantly more short-term lets available across the country than there are long-term rentals, with more than 18,000 properties available to lease on Airbnb, according to analysis carried out by the Irish Examiner.
There are a total of 18,086 Airbnb rentals nationwide, compared to just 1,299 rental properties available on Daft.ie. That is 14 times more short-term lets compared to long-term rentals.
The high proportion of Airbnbs compared to rental properties is particularly high in counties that are known to attract tourism, particularly Donegal, Clare, Kerry and Cork county.
The Government is currently seeking to further regulate the short-term let sector, with legislation agreed by Cabinet in late 2022. Currently, people seeking to let out their property require planning permission if they wish to rent it for more than 90 days a year.
This legislation would establish a short-term tourist letting register that would require any homeowner renting their house for more than 21 days to register with Fáilte Ireland.
It would also grant Fáilte Ireland the ability to levy fines against households for listing properties without valid registration numbers, with maximum fines of up to €2,000.
The Government had estimated that the new rules would bring back an additional 12,000 properties onto the rental market. However, the European Commission ruled that it was too strict and placed a standstill on enacting the legislation until December 22, 2023.
Due to the standstill, the Department of Tourism is currently liaising with the European Commission over the legislation. It is expected that the new regulations will be brought into force in 2024.
In Clare, there were just 17 rental properties available on Daft, however there were 1,044 properties available on Airbnb.
In Cork city, the ratio of rental properties to short-term lets is smaller, with 40 properties available to rent compared to 181 Airbnbs. However, outside the city there are over 1,418 Airbnbs available to let compared to just 34 rental properties on Daft.
One eighth of all Airbnbs in Ireland are located in Kerry, where there are 82 times more short-term lets than long-term rental properties. In total, there are 2,056 properties on Airbnb, with just 25 houses available to rent on Daft.
All these figures exclude Airbnb properties that are single rooms in currently occupied houses.
Original article at https://www.donegallive.ie/news/local-news/1267912/almost-60-times-more-airbnbs-than-rental-homes-available-in-donegal.html
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