Ireland is certainly a popular tourist destination across the globe with competitive attractions & diverse culture. For property investors and hosts to successfully start an Airbnb business in Ireland, it’s important to take the first step by learning about its legality, step-by-step process, and most of all – profitability!
In this article, we featured Airbnb regulations in Ireland, along with the commitments of the Irish government to enforce short-term rental rules. Continue reading and learn more about the Airbnb laws in Ireland.
To cut the story short, yes – Airbnb is legal in Ireland! Check out the following general information before starting an Airbnb anywhere in Ireland:
Airbnb recently released an article about a plan to enforce rules & protection for housing in Ireland. In line with this, here are two of the new short-term rental rules that will take effect soon (the date of implementation was not indicated):
1. A single Host will be required to register for Ireland. This would establish a clear system for Hosts to follow and will give authorities the information they need to enforce the rules and take action against property speculators that are damaging communities.
2. Only the hosts with a registration number are able to publish listings on the platform.
Currently, there are 1,914 Airbnb listings in Dublin, with 50% of entire houses earning up to €4,621 a month. The Average Occupancy Rate in Dublin is 85% and the average daily rate is €128. According to vacation rental market data source Airbtics, a 2-bedroom apartment in Dublin can make up to €76,778 each year. Discover how much you can make with Airbnb by checking out our Short-term Rental Estimator!
Here are some of the regulations that depend on your property’s location in an RPZ (Rent Pressure Zone):
In my personal opinion, the biggest advantage of running a short-term rental is high return! I’ve talked to hundreds of Airbnb hosts over the past years and frequently met hosts making 15 – 30% gross rental yields, and 10-20% net. It’s also fun to do!
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