I Fought The Law Of Supply And Demand

at | 19 Replies

This morning

The latest quarterly Rental Report by Daft.ie is out.

In Dublin, rent growth in the last quarter was 4.5% compared to a year earlier, bringing average rents to €2,023 a month – with available rentals continuing to slow.

Daft economist Ronan Lyons says:

“Availability on the rental market remains at levels that were unprecedented prior to 2015…For example, in the Dublin market, there were just 1,541 properties available to rent on August 1st. While that’s up from 1,121 two years ago, it’s well below the average of 4,700 for the preceding decade….”

Average monthly rents hit record level for 13th quarter in a row – report (RTÉ)

Meanwhile…

19 thoughts on “I Fought The Law Of Supply And Demand

  1. Cian

    Irish population has increased by 12% between 2006 and 2018.
    Irish housing hasn’t increase by 12%.

    We need to build more homes.

    Reply
      1. Stephen

        That isn’t going to increase the capacity of housing.
        If anything it may reduce it as often a rented house can accommodate more than a owner occupied one

        Reply
    1. eoin

      ” I find, pursuant to Section 25(4) of the Acts, that the complainant has established a prima facie case of discrimination on the grounds of family status, age and on the rent allowance ground which the respondent has failed to rebut and I am also satisfied that the respondent in permitting these advertisements to be displayed on its website has breached Section 12 of the Equal Status Acts. ”

      Complete and utter scumbags.

      https://www.workplacerelations.ie/en/cases/2019/august/adj-00005960.html

      Reply
  2. Col

    Waiting for Minister Murphy to boast about how great a job he is doing- “nationwide rent has ONLY gone up 7.6%, you’re welcome guys!”

    Reply
  3. Ron

    Now make sure to all go and re elect them after you have marked your angry face emoji.. Impotent Irish electorate are worse than the political daw jaws they constantly elect.

    Reply
    1. Cian

      interesting. The landlord is getting insurance… and the tenant pays for it.
      The tenant pays perhaps 20% of what the deposit would have bene. And if there is a problem, flatfair pays the landlord the full 100% of deposit.

      But I’m not sure what happens when the tenant moves, do they have to pay another 20% each time they rent?

      Reply
        1. Cian

          Yeah, it looks like the tenant is shafted.

          If the landlord claims, the insurer can chase the tenant for any/all payments made. So they are on the hook for any damage they cause (which is fair enough).

          But. The tenant doesn’t get anything back at the end of the tenancy. They have to stump up another 25% when they move. It works out as a one-week non-refundable deposit.

          Reply
          1. johnny green

            Look Cian you already got ahead your ski’s on the people moving about thing-FFS the brits have a ‘my deposits’ scheme which steps in.

            Not my world-like omg who rents it sound hideous-reminds me of Clark’s wonderfully acerbic diaries…the trouble with Michael [Heseltine] is that he had to buy his own furniture:)

            https://www.mydeposits.co.uk

            PS-i got a few pages into it-binned it-but they did raise over 10mil and are trying ‘revolutionize’ renting/deposits…..

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