I-RES expects boost from rental legislation
I-RES, one of the country’s biggest private landlords, says that planned new legislation on the rental market has strengthened the outlook for its business.
The comments came in the listed company’s annual results for 2025, in which it reported pre-tax profits of €49.7 million. Average monthly rents at its properties rose by just over 2% to €1,852.
The Residential Tenancies (Miscellaneous Provisions) Bill 2026 includes measures aimed at attracting new investment to increase the supply of rental properties.
I-RES said that the new measures taking effect on 1 March would have “a positive impact” on both the market and the company.
‘Renewed international interest’
It pointed in particular to the ability to reset the rent of a particular unit when a tenant vacates and a new lease is put in place from 1 March.
It also welcomed changes announced in Budget 2026 aimed at boosting apartment construction.
“The new legislation will take time to translate into newly delivered stock, but the company has already seen a significant increase in market activity in the sector, an increase in development activity, and … a renewed interest from international capital sources in investing in the delivery of new homes and apartments,” I-RES stated.