Regulations Are Keeping Nursing Home Residents From Renting Out Homes

That's according to IPAV.

The main obstacle to nursing home residents putting their homes on the rental market is regulation, not the amount of profit they can keep.

That's acccording to the Institue of Professional Auctioneers and Valuers after the governemnt has announced its intention to allow nursing home residents to retain 100 per cent of rental income from their home.

However, IPAV and Castlepollard's Pat Davitt believe that change won't lead to many extra properties on the market.

He says rules around renters' rights under the lease system won't suit those in nursing homes and a licensing system with less regulations for landlords would make a big difference:

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