Um.
This morning.
The Residential Tenancies Board’s published its Q4 2021 Rent Index revealing the cost of new tenancies has increased by 9% nationally in the final quarter of 2021.
The average cost of new tenancies in Dublin is now nearly €2,000 per month – an increase of 100pc since 2011, when average rents were €985.
Social Democrats Housing Spokesperson Cian O’Callaghan said:
“Based on these figures, renters in Dublin today will pay €12,000 more in rent per annum than they did in 2011 – and that’s just the annual increase. The average annual amount they will spend on rent in Dublin is nearly €24,000.
“For context, workers on the minimum wage – a paltry €10.50 per hour – earn just €21,840 in a year. How are workers on the minimum wage – and there are plenty of them – supposed to survive when average rental costs now exceed their annual gross pay?
“Rents are now unsustainable, not just in Dublin, but all over the country…There were double digit rental increases in 14 counties in the final quarter of last year.
“Another alarming figure from the RTB report is that the number of new tenancies, at the end of last year, had dropped by nearly 50pc. This indicates that renters are staying longer in their tenancies, given the volatility of the market, and that there has been an exodus of landlords from the market.”
Report here
And then come the refugees
Good old mill street €8million a year for noting better than a doss house
why is there a light blue less than 700 in the data. i cant see anywhere in ireland with this light blue.
I suppose that’s the sea and you can rent a dingy for that
Well the sea is blue
I
Tenancies are down because there’s nowhere to move to! Unless your a transient IT Barron with €2k a month spare for a BTL one bed.
The rest of Ireland looks on in sympathy about what’s happening in Dublin.
€1,950 per month for a one bed on the North Circular Road.
https://www.daft.ie/for-rent/apartment-north-circular-road-penthouse-dublin-7/3803308
I do love the estate agent’s BS- “A stunning new 1-bed penthouse apartment is located in one of the most exclusive addresses on the north side of Dublin City”
SINCE WHEN DID THE NORTH CIRCULAR ROAD BECOME EXCLUSIVE?
It has the biggest collection of skanky bedsits in the entire bloody city.
€2k a month. And no living room. Just a couch at the back of the kitchen.
You’ll own nothing & you’ll be happy.
And homeless.
It’s noticeable that nobody here is suggesting that the government should “do something about it”, knowing that they never, ever will, in our dysfunctional former democracy.
In reality, the landlords are just gonna gouge as much as they can, before Europe goes belly-up.
This, just a few short years after we were royally screwed every which way in order to pay banks’ gambling debts all over Europe, and still we vote the same people into government.
I haven’t and I won’t. However, independent candidates are the way forward, maybe, as long as they don’t pi** off to Brussels for a love fest – oh wait!
I *might* consider SF at this stage.