Inside Business: Is Airbnb damaging Dublin’s long-term rental market?

Also on the podcast: the ‘Single Malt’ loophole, potential data breach at INM and trackers

One south Dublin property earns more than €163,000 in rental income each year. Photograph: Bloomberg

One south Dublin property earns more than €163,000 in rental income each year. Photograph: Bloomberg

 

A study of Airbnb data has found that one south Dublin property earns more than €163,000 in rental income annually from being listed on the site and the fee being charged for rooms is higher than average hotel rates.

On the latest Inside Business podcast, Irish Times business journalist Fiona Reddan joins Ciarán Hancock to discuss whether landlords are leaving long-term rentals and switching to the more lucrative short-term market.

Also on the podcast, Mark Paul has details of why the corporate watchdog examining governance at Independent News & Media has broadened its inquiry to examine the handling of a potential personal data breach at the media group, while Joe Brennan has the latest developments in the tracker mortgage scandal.

Tax loophole

In the second part of the show, Peter Vale, tax partner at Grant Thornton joins deputy business editor Dominic Coyle to discuss the “Single Malt” tax loophole, which companies are now turning to after other structures were shut down in recent years.