Tag Archives: rental

From top: Daft report for the second quarter of 2021; Cian O’Callaghan

This morning.

The latest report from Daft.ie shows that on average rents in Dublin increased in the second quarter of this year by around 0.5% with a national increase of 5.6%.

Cian O Callaghan – Social Democrat housing spokesman – whose party wishes to see a freeze on rent increases, said:

“Today’s report reveals the abject failure of this government to tackle the rental crisis. Rents climbed by an average annual rate of 5.6pc in the second quarter of this year, but the rates of increase were even higher in many areas.

For instance, rents in Kerry, Leitrim and Roscommon surged by more than 16pc while rents in Donegal, Cavan, Clare, Galway, Mayo, Sligo and Waterford all increased by more than 14pc.

“The unprecedented nature of this crisis is evident in the fact that it is now cheaper to repay a mortgage than pay rent in nearly every region of the country. In fact, the only two places where a mortgage for a three-bed home is more expensive than rent is in Dublin 4 and Dublin 6.”

Record increases in rents outside Dublin amid ‘chronic’ supply shortages – Daft report (Newstalk)

RollingNews

This morning.

Monthly asking prices for rents in Dublin dropped in the first three months of this year, but increased elsewhere – according to the latest rental report from property website daft.ie.

Via RTÉ

The average monthly asking price nationally stood at €1,443 in the first quarter, up 1.7% on the same period last year.

With many people working from home during the pandemic, there has been an increased desire to live outside of the capital – and this is reflected in the report.

In Dublin, asking prices for rents were down 3.2% year-on-year, while prices in the rest of the country were 7.1% higher.

Meanwhile…

In Cork, Galway and Limerick cities, they are 6% higher than a year previously, while in Waterford they are 8.3% higher.

Outside the five main cities, asking rental prices are up 7.3% year-on-year.

Rents fall in Dublin, rise elsewhere – Daft report (RTÉ)

Community Action Tenants Union [CATU] write:

A CATU member in Tallaght is currently dealing with Ray Cooke Lettings‘ inaction on an out-of-control mould situation in an apartment, which is causing serious health problems for the tenants.The situation has been ongoing for the last three years. The letting agent is refusing to carry out inspections due to Covid, despite the fact that Ray Cooke is currently taking bookings for house viewings.

CATU Ireland (Facebook)

Lois McGrath writes:

This is my Daughter’s apartment which she pays a fortune for every month only to live in a slum. Disclaimer: no shes not a lone parent no she’s not on social welfare no she doesn’t get HAP. She just a hard working mother.

Behold: the Naustet Stokkøya Boathouse on the island of Stokkøya in northern Norway.

A traditional minimalist spruce cabin fitted out in modern Scandinavian style with a luxurious kitchen (where you can either cook or leave it to a gourmet chef), sauna, hot tub, outside grill and local beach access. Four loft sleeping platforms suspended below the ceiling offer skylight views of the sunset, dawn, Aurora and what have you.

You book the whole place for €1000 a night.

uncrate

Minister for Housing Eoghan Murphy

This afternoon on RTÉ Radio One’s News At One.

Housing Minister Eoghan Murphy was interviewed by reporter Louise Byrne about the latest Daft.ie quarterly report which shows just 2,700 properties were available to rent nationwide on the website on May 1, while the average rent nationwide is €1,366.

Mr Murphy told Ms Byrne rent inflation is low.

The Daft.ie report did refer to the national annual rate of inflation at 8.3%, in the first quarter of 2019, being the lowest in five years as a “crumb of comfort” in the report.

Ms Byrne put it to Mr Murphy: “Are rent increases of 6.8% in Dublin year-on-year slow?

He said:

“It’s the slowest rate of increase that we’ve seen since 2013. We know that rents have run away in the capital because of the lack of the supply that we have had with homes to buy and homes to rent.

“And that’s why with Rebuilding Ireland, we’re dramatically increasing the number of homes to buy, but we’re also bringing in these reforms to protect renters which is so important. We know we have more work to do.

“We’re halfway through Rebuilding Ireland but it is showing signs of progress in some key areas like supply. But there’s more to do and that’s exactly what we’re going to be doing over the rest of the year.”

Asked when 80,000 homes will be built in Dublin – given that this is the figure Daft.ie claims is required and only 18,000 were built across the country last year, Mr Murphy said:

“What we saw last year was the 25% increase in the number of homes built over the previous year, it’s going to increase again this year. Each year, under our plans we’re committing more money to building more homes for social and affordable housing, we’re also seeing on the private side more housing being built as well.

“The key thing we need to see in places like Dublin is more apartments, but it’s not just Dublin where we need to see more apartments being built, it’s in each of the cities in the large towns that we have in the country. And that’s why we talk about our vision beyond Rebuilding Ireland.

“We’re talking about growing the population outside of Dublin, taking the pressure off Dublin, not just for homes but for jobs as well.”

Mr Murphy also told Ms Byrne that the rent caps “that have been working” have been extended to 2021 “at the earliest”.

Listen back in full here

Earlier: Daft Figures

Rollingnews

A new report from Nestpick, the world’s largest database for furnished apartment rentals, takes a look at the cost of renting an apartment in more than 700 neighborhoods spanning 50 major cities.

The prices are based on median rents for the last quarter of 2018, so they should reflect the current listings for an apartment. Apartments are considered “affordable” if households are spending 30% or less of their income on rent – a standard used by the US government.

Full Nestpick report here

Here’s what you need to earn to afford a one-person apartment in the world’s most popular cities (Business Insider)

Meanwhile…

 

The company [Nestpick] defines a single person apartment as around 50sq m (plus or minus 10sq m) and a family apartment as 105sq m( plus or minus 15sq m). The monthly salary requirement incorporates an area’s rent per sq m and the average apartment size.

The research found a worker on the minimum wage would need to work more than 279 hours to pay the monthly rent in Dublin 2
.

Monthly salary after tax of €8,900 needed to live in Dublin 2 (Irish Times)