“Most of our sellers are landlords exiting the market,” said Owen Reilly, managing director of the eponymous real estate agency, during a period in which the average rent across their 68 lettings has reached €2,962 per month.
As much as 60 per cent of the properties listed by the estate agency are being sold by landlords, a trend they have seen continue to rise over the past five years.
Mr Reilly said that as landlords sell up, the number of rental units on the market is decreasing with the majority of properties sold to owner-occupiers.
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