An infographic based on the latest rental report from Daft.ie – for the second quarter of this year.

Read the report in full here

50 thoughts on “Going Rental

  1. Daisy Chainsaw

    There’s filthy money to be made in substandard ploppyholes… and Daft will facilitate it. Yay capitalism, but the bottom would fall out of the rental market if HAP was abolished. Seeing as landlord TDs and their donors are the ones profiteering off rackrenting hovels, you know it’s never going to happen.

    1. Dr_Chimp

      the housing crisis is not the fault of capitalism. We find ourselves in the situation we are in for precisely the opposite of capitalism: too much government interference…from bailing out banks & bondholders to the overly bureaucratic government institutions that can get absolutely nothing done (planning & development to name but one).

      One of the main issues here is that private landlords are leaving the market in their droves. I know it flies in the face of conventional wisdom that landlords are creaming it (which some of them are) but there are more leaving than joining…why would that be if there is so much cash to be made?

      1. Col

        Landlords leaving the market would only be a problem if they destroy the homes while they are at it.
        We have too much demand for too few homes, not just rental.

        1. postmanpat

          its probably the reluctant landlords that are getting out of the game they didn’t ever want to play in the first place. The people who got caught up in the mess 10 years ago and worked hard to get back to square one. Renting out there own shoebox and paying rent for a real house somewhere else because raising a family in a shoebox apartment (flat) is ridiculous. The unscrupulous landlords are making out like bandits though. The mortgage and financial agents were all at it too encouraging people to rent plus rent out to keep the industry going. I’m so glad I didn’t listen to that middleman snake Padraig Kissane when I sold up. I stuck to my guns took a hit and re-bought somewhere better. My advice to anyone is to tell , don’t ask, your boomer folks that your moving home with your spouse/partner, start having kids, especially if the biological clock it ticking. tell your folks your not paying rent because they live mortgage free anyway. kick in some heating bills and buy your own food. save up every penny for 3 years and buy a house with mostly cash after the next crash. Downside: no cozy netflix nights in and that’s it really. If a couple earning 80k a year cant save to buy a house while renting or start a family because it will effect their potential mortgage amount? then have to get IVF because your too old , while every doley out there is siring kids like rabbits and demanding free housing? , its really the only option. The old boomers are rich anyway, and it that generation that pulled the ladder up after themselves so screw’em.

      2. Cian

        “One of the main issues here is that private landlords are leaving the market in their droves”
        Can you explain this statement please? Do you mean that there are fewer homes to let? or that the existing homes are concentrating into a smaller number of (larger) landlords?

        And can you provide any evidence?

        1. Dr_Chimp

          In short, yes there are fewer homes available because people who were landlords take their houses back as owner occupied, leave them vacant or rent them on airBnB and the likes.

          Its clear that more and more people are living in rented accommodation than ever before (as the above shows). But what I was trying to get at is the fact that private landlords are exiting the market for many reasons (cost being the main one, regulations the other) – these are being replaced by professional institutional landlords who have scale necessary to make the numbers work. Full disclosure, generally I would be an advocate of the professionalization of the market but the situation we find ourselves in requires us to keep as many landlords in the market as possible. I have first hand experience trying to manage & rent out a home (on behalf of someone else) and it really just wasn’t worth it…which seems crazy when you think of the rents in the latest Daft report. Its actually scary to think how far behind the demand curve we are from a supply perspective and that this rental disaster is not going away any time soon.

          Anyway, Its a tough political sell to provide incentives for landlords and/or developers

          1. Cian

            I still don’t know what your point was. You literally contradicted yourself:
            “yes there are fewer homes available because people who were landlords take their houses back as owner occupied, leave them vacant or rent them on airBnB and the likes”
            then 2 lines later
            “private landlords are exiting the market for many reasons (cost being the main one, regulations the other) – these are being replaced by professional institutional landlords “

          2. Dr_Chimp

            It’s possible for the stock of housing available from private landlords to decrease while the stock available from professional institutional landlords to increase. My point is that, in my experience at least, it’s not worth becoming a landlord unless you have the scale and efficiency requires to make it profitable.

    2. diddy

      Not true. Hap tenants are inspected. Many landlords are hit with a big upgrade bill. Slum landlords who create illegal hostels fly under the radar. Meanwhile tens of thousands of non EU language students are being merilly imported into the housing crush. Control the controllables? Not a chance with FG and the business lobby getting rich

      1. Lush

        I presume your comment is a hommage to Fluffy, rather than an observation on what might be concealed.

      2. Lush

        We’re an hour ahead here, so the Friday afternoon apéro has begun.
        Cheeky little white from north-west Spain is first out of the fridge.
        What have you got planned?

          1. Lush

            Would you believe mine was Godello too; first taste of this grape, lovely and crisp. 7.95€ from a Spanish online retailer.
            Enjoy whatever it is you crack open when you get home.

          2. Andyourpointiswhatexactly?

            Interesting! I can see she mentioned the wine I bought as the cheaper alternative. YEAH RIGHT sez I but then I see that she wrote it in 2012: obviously in the intervening years it’s increased in price.
            My Dad loves wine so we used to watch her shows on telly a lot years ago. I really like her.

          3. Lush

            Ah she’s the biz.
            By the way, the Louro is 14.40€ in Spain. So I guess the Irish price isn’t too bad, when you factor in VAT, excise duty, shipping etc.

          4. Andyourpointiswhatexactly?

            True! It really was delicious. Every sip made me think about it. Tesco Finest do one as well which is lovely, but nothing like as good as that.
            Have you finished your bottle yet?!?

          5. Lush

            Em, yes. There’s another one chilling. I bought six. And a couple of other Godello blends. The weekend is looking very good.
            I shall definitely get some Louro next time round. Thanks for the heads up.

          6. Lush

            You’re obviously particularly sensitive to sulphur, many people are, and there’s more used in white wine vinification.
            What kind of red do you like?

          7. millie st murderlark

            I’m partial to Merlot, nothing too heavy. I can only really drink a glass or two at most of wine, and the darker, heavier reds tend to be a bit much. I’m only really getting into wine properly now that I have an idea of what I like.

          8. Lilly

            If you ever find yourself on the N11, Millie, stop off at Whelehan’s and talk to David. He will sort you out with a few delicious reds.

  2. anne

    Before anyone says it, We’re not London..we’re no where near London population wise. So don’t bother comparing us to London.

  3. Brother Barnabas

    yeah, sure, things aren’t great. but the situation in, for example, london is far worse.

  4. JunkFace

    Vulture funds are wrecking Ireland, especially Dublin. I’m glad I left when I did. Irish people deserve a lot better with regards to housing. This has gone way past acceptable. Two generations are being pushed into poverty! If you can’t save money, or have a pension, because of out of control rents, then your human rights are being eroded.

  5. Starina

    Oh, the magical combination of greed and ineptitude.

    meanwhile, on minimum wage a person would have to spend about 42% of their earnings on a single room in Dublin.

  6. Bonkers

    Jaysis while that Daft infographic brings a tear to my eye it also serves as a loud wolf whistle to investors- 34% increase in rent, fill yer boots lads

  7. JunkFace

    Surely its time for Irish people to have nationwide strike days until something drastic is done? Nothing will change until the cities get shut down. Irish Gov only cares about their money. Lets take it away from them. Stop all trading

Comments are closed.