There is a 48% decline on the number of new tenancy registrations from last year.
Large numbers of private landlords are currently leaving the property market.
New figures from the rental tenancies board shows there is a 48% decline on the number of new tenancy registrations from last year.
The demand for rental properties is rising and the average rent for new tenancies rose by 9% to €1,415.
CEO of The Institute of Professional Auctioneers and Valuers, and Westmeath's Pat Davitt, says that landlords are leaving the market because they are paying too much tax:
Midlands Hospital Experiencing High Admission Numbers
Founding President Of TUS To Step Down Next Year
Westmeath Father Loses Job After Using HSE Funds For Home Upgrades
Higher Education Minister Visits Offaly
Midlands Woman Pays Tribute To Sister After Manslaughter Sentence
FTD Brothers Continue 32 County Marathon Challenge Through The Midlands
Fresh Restoration Works Begin At Westmeath Castle
Nearly 1,000 Homes And Businesses Hit Affected By Power Outage In Midlands Town
TUI Says State Should Pay For School Devices
Musicians Gather In Offaly Celebrating Fr Liam Lawtons Music
Minister For Health Wants Closer Working Relationship For Midlands Hospitals
US-Iran Peace Deal Nears As Talks Continue
Westmeath Activist Calls Out Government After Being Detained By Israel
Laois TD Voices Concern Over Appeal For Proposed Windfarm
HSE Still Formally Settling Offaly Hospice Dispute
Weeklong Heatwave Hits Midlands
Uisce Eireann Agree To Examine Pipeline Solution For Westmeath Town
Offaly's Comhaltas President Meets King Charles In Belfast
Laois TD Demands Deer Be Tested For TB
Health Minister Opens Newly Extended ED Department In Laois