The number of homes in Northern Ireland being used as rental properties has reduced by about half since 2015, putting more pressure on renters, according to an UlsterUni housing expert:
BBC News NI journalistThe latest figures from the Office for National Statistics from March 2023 show prices in Northern Ireland rose 9.9% in the last year.An Ulster University academic who analyses data for the sector said the private rental market is "on its knees" and "facing the perfect storm".
Mr McCombe has also been asked for additional documentation such as payslips and bank statements ahead of viewing a property, as agents try to shortlist suitable candidates; requirements, he said, he has not experienced before. "We have no rights, we have no voice and we have no support when facing eviction. I felt so desperate and had no control.
Those within the industry say it is leaving little incentive to continue and some landlords are shifting to short-term lets or selling up. For most of those left, there's no option but to raise rents. He said the lack of rental properties is down to a number of factors, including landlords exiting the market and existing tenants taking longer lease terms."Rents have increased relatively speaking 48% to what they were five years ago and when you bring this in - it's this cocktail, this blend that's brewing the perfect storm."This issue is not just affecting those looking for properties in Belfast, it is right across Northern Ireland.
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