RPZs impacting the capital values of properties
Research by economist Jim Power on behalf of the Institute of Professional Auctioneers and Valuers (IPAV) and the Irish Property Owners Association (IPOA) have established that the changing regulatory and taxation environment is mostly responsible for private non-institutional landlords leaving the rental market. Rent Pressure Zones (RPZs), which limit the extent to which rental prices can be increased in an area, have also created a two-tier rental market. The report…