WITH homes in Limerick already rented for big bucks ahead of the Ryder Cup at Adare Manor in 2027, concerns have been raised about the impact this is having on the current rental crisis.
Properties, ranging from a two-bedroom apartment in Dooradoyle to a four-bedroom house in Patrickswell, are renting between €20,000 and €55,000 before the competition starts five years from now.
At least 50 properties in County Limerick have now been bought by the corporate US market ahead of the Ryder Cup.
Labor Party councilor Conor Sheehan said he was concerned that this type of request would have an impact on the current rental crisis in Limerick, where there are fewer than 17 long-term rental properties currently on the site Daft.ie property web, and over 117 short term rentals.
“The Ryder Cup is a fantastic event that will hopefully generate momentum for the local economy. Advertising houses up to €100,000 for two weeks seems crazy, but such an opportunity brings such an influx of people, both nationally and internationally, that the demand for short-term housing will be very high,” he said. he told the Limerick Post.
“We are in the midst of an unprecedented housing crisis and part of the resolution that means ending the use of hotels as residences. The failure to properly regulate short-term rentals means properties that could be used as homes for those struggling for a roof over their heads are being taken off the market.
“No one is talking about banning short rentals. Short-term rentals can be a handy way for people to earn extra income from living spaces they don’t use, but I think hosts should register with the local authority to ensure this is done in a responsible and properly managed manner. he concluded.