Tag Archives: rent

Twenty four big ones.

Yesterday: I Fought The Law Of Supply And Demand

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…

Illustration of what a new apartment complex on St James Road in Greenhills, Dublin 12, will look like when it’s completed later this year

Carly Bailey, of the Social Democrats, tweetz:

They are currently seeking expressions of interest for apartments at this development [above]. €1750 or more for a one bed apt. €1950 or more for a two bed. Absolutely outrageous & unaffordable for most. Impossible to tackle #housingcrisis with rents like this!

St James’s Road, Greenhills, Dublin 12 (Daft.ie)

Dublin Rental Investigator tweetz:

This studio opposite Fibbers advertised on @facebook for 4 people at €375pm each. 2 obviously have to bedshare. The kitchen doesn’t meet Min Standards. Difficult to verify. Why is property being advertised on @facebook

When will it ever end?

Meanwhile…

Context

Yesterday: Studio Flat, Two Bunk-Beds, Four People

Average rents by county in the third quarter of 2018, according to the Residential Tenancies Board (RTB)

…Amid continuing unprecedented demand, the national average rent rose to €1,122 during the quarter, up 7% on the same period last year.

But a moderation in that pace of growth is also evident, with rental price inflation dropping to 1.9% compared to the previous quarter when it was 3.6%.

In Dublin, the rate of increase was higher than the national picture at almost 9%, bringing the average rent in the capital to €1,620.

The index also found that areas designated as Rent Pressure Zones are seeing a slower pace of rent inflation for people who already have a tenancy.

However, one concern for the future is that the number of landlords is falling, despite high rental prices and record demand.

Rents still rising, but number of landlords falling – RTB rent index (RTÉ)

Eoin writes:

This report, jointly produced by RTB and the ESRI [The Economic and Social Research Institute], is controversial. Ireland’s #1 landlord Kennedy Wilson (which has leapfrogged #2 IRES), disputes the figures and I agree with KW, the figures appear to be based on new tenancies only.

The report has been released for previous quarters, timed to boost Eoghan Murphy’s political status (eg published day after vote of no confidence, published on day Eoghan visited the ploughing championship to announce policy changes etc), this is the earliest the report has been published. It appears to have been given in advance to the Irish Times only…

Hmm

Free next week?

Get up out of your Crying Chair.

James writes:

Almost forgot about the housing and healthcare crisis?

A Well-timed production of Rent the musical at the Liberty Hall theatre, Eden Quay, Dublin 1 running October 23 – 27. Featuring Carl Stallwood (Mrs Browns Boys D’Movie), Adam Weafer (Coronation Street, Red Rock), Karl Dawson (98FM) and more….

Tickets here

Hues Productions

A chalet for rent in Moonacre, Nevinstown Lane, Swords, Co Dublin.

For €765 a month.

From Daft.ie:

Cosy wooden chalet, central heating, kitchen/living room, one bedroom with walk-in wardrobe, bathroom with shower. New 36″ TV in living room. Set in private, well-maintained gardens. Country setting yet only two minutes’ walk from Airside Retail Park. Close to Swords village, the Wright Venue, VHI, Tara, Winthrope Clinic and only five minutes’ drive to the airport. Suitable for one person only please.

Nicorgio writes:

Another candidate for the letting of shame 2018…

Hmmm.

Not the worst we’ve seen, in fairness.

FIGHT!

Moonacre, Nevinstown Lane, Swords, Co. Dublin (Daft.ie)

UPDATE:

A map of Dublin rent increases

You paid HOW much?

David Hartery writes:

Doing a little experiment with the Campaign for Public Housing. Can you add your last few addresses and what the rent you paid to rent those rooms were at that time to this map (interactive here) so we can start to build a picture of how rents increased per property over time?

There is meant to be a four per cent rent cap in ‘rent pressure zones’ and we are trying to identify landlords who are increasing the rent beyond that level — without carrying out substantial renovations or otherwise improving the property to the point that an increase of about four per cent is justified.

By adding in these prices we can look to see who the most greedy landlords are – as well as giving a resource to all tenants to fight back against grasping landlords.

Simply add your rent to the marker that is already there – or add a marker for your address – and then we will start to populate the map with as many rental prices as we can find.

Crowdsourcing A Picture Of Dublin Rent Increases

Thanks Dr Evan Keane