Sunday 4 December 2016

'Give tax breaks if landlords accept rent allowance'

Published 10/04/2015 | 02:30

Property expert Karl Deeter
Property expert Karl Deeter

Landlords should be offered tax breaks to incentivise them in taking rent allowance tenants, according to property expert Karl Deeter.

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Mr Deeter, of Irish Mortgage Brokers, does not hesitate to recommend State intervention "when things are not functioning" and cites this as a key example.

Homeless campaigner Fr Peter McVerry recently warned less than 1pc of Dublin landlords now accept rent allowance tenants.

But Mr Deeter said: "It would mean landlords would actually be rewarded for taking on rent allowance tenants who are currently being turned away from private rented accommodation.

"They'd have to comply with all conditions and sign up for a three-year lease. There'd be no losers, as far as I can see."

Meanwhile, at a time when more people are renting, Mr Deeter asserts that those who own their own homes will always be better off.

"Every mortgage payment you make is like a forced saving. It adds to your wealth. Those who own their own homes are on average €13,000 better off than those who are renting," he said.

Mr Deeter is among the speakers lined up to address Housing: The Next Generation, the Irish Independent and Ulster Bank-sponsored conference on April 30 at UCD. It will be attended by more than 700 Irish property, mortgage and housing sector professionals.

Further details can be obtained from conference co-ordinators Core Consulting (01 292 3010) and coreconsulting.ie.

Irish Independent

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