Airbnbs in Ireland up by 20 per cent ahead of June rental crackdown
Ireland: The number of homes in the Republic of Ireland being advertised as short-term rentals on Airbnb has risen by more than 1,000 in the last year.
Homeowners in the Republic appear to be trying to cash in before a summer crackdown on short-term lettings is implemented in the country.
Latest figures show that 5,855 entire properties were available for hire on the platform in Galway, Dublin, Cork, Limerick and Waterford on December 11, up by 1,015 on the same month last year – a rise of 20 per cent.
Figures supplied by AirDNA, which analyses market trends across the globe, show the average daily rate for a Dublin property now stands at €143 (£130) compared with €126 (£115) in December 2017.
Average daily rates have also shot up in Galway, Limerick, Cork and Waterford over the same time period.
At the same time, separate figures indicate that Northern Ireland is becoming one of Airbnb’s fastest growing tourism destinations in the UK, with 230,000 guests using the service in the 12 months leading up to June 2018. That represented a 70 per cent rise on the 132,000 guests welcomed the previous year.
The figures come in prior to a crackdown by the Irish government on short-term lettings, which is due to come into effect from next June.
Under the new regime proposed by Ireland’s housing minister Eoghan Murphy, homeowners will only be allowed to rent their properties for a maximum of 14 days at one time, and for no more than 90 days a year.