Tag Archives: rental

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)

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Powered by four 3,000hp MTU 16V4000 M63L diesel engines, Game Changer has a top speed of 20 knots and a maximum cruising range of 4,500 nautical miles at 16 knots.

Currently available for seasonal charter from €189,000 to €220,000.

uncrate

Sinn Féin TD Eoin O’Broin in the Dáil this afternoon

This afternoon.

In the Dáil.

Sinn Féin TD Eoin O’Broin welcomed the publication, by the Housing Minister Eoghan Minister today, of his new regulations in respect of short-term lettings.

However, he also said:

“While we need a little bit more detail in terms of the detail, the definition of short-term letting and the requirement for planning permission are eminently sensible and I want to put that on the record.

“I have to say, however, I am concerned with the proposal for an eight-month lead-in. The rental sector is in such crisis, I don’t think we can wait eight months for these regulations to be put on a statutory footing.

“And I’m also concerned that there’s no mention of sanctions or fines for online platforms or letting agents who advertise properties that wouldn’t have the appropriate statutory regulation.

“So while we want to work with the Government to expedite this legislation as quickly as possible, I’d like some assurances the Government is willing to work with us on the lead-in time and then, sanctions, particularly for the platforms themselves.”

Related: Eight-month lead in for Airbnb regulations ‘unwarranted & unnecessary’ – Ó Broin (Sinn Fein)

Previously: Dublin Rental Investigator on Broadsheet