This post reviews the latest Daft Rental Report. It finds good news for tenants, including new and returning students, who face lower rents for the third year in a row, and good news for landlords, with rents largely static for the second report in a row. The total level of supply, however, means that the rental market is still very fragile.
Falling house prices or not, Ireland needs a property tax
This post reviews the findings in the latest Daft.ie House Price Report, for Q2 2010, finding news for both optimists and pessimists in average prices and the level of transactions. The report’s commentary is by Jim Power, who discusses the need for a property tax. The remainder of the post reviews the arguments in favour of a property tax in Ireland and recommends the introduction of a land value tax.
Rents stabilise during the first months of 2010
This post reviews the latest Daft Report, on the rental market in Q1 2010, released this morning. Overall, it finds that rents have been stabilising, particularly in the city areas. The market remains fragile, though, with the total number of properties available to rent outside the main cities well above the number of monthly transactions. The post finishes by looking at what’s happened the dishwasher premium over the course of the recession.
Falls in asking prices start to ease but NAMA questions remain
This post reviews the latest Daft Report, released this morning, which finds that asking prices are one third below their peak on average. Of encouragement to all parties is the high levels of transactions, with one in three properties posted in January either sold or sale agreed already. It also discusses Brian Lucey’s commentary, which outlines implications for NAMA.
Stop the press – rents go up in January!
The latest Daft Report shows that rents in all parts of the country have actually stabilised since November, a surprise given the apparent excess of properties in large parts of the country. This post discusses whether the January figure is more likely to prove seasonal or structural, before outlining the importance of stable rents for the broader property market and economy.
Spotting the swallows – Ireland’s rental market in 2010
Ireland’s property market has had nothing but bad news for most of the past three years. This post reviews some of the data from the rental market during 2009, in particular comparing the stock on the rental market with the number of transactions it is processing. It finds evidence to believe rents will level off in Dublin and the other major cities in the next few months, although the outlook for smaller rental markets looks unchanged from a year ago.
Asking prices down up to 43%, Irish property market loses €180bn in value
The latest Daft report, reviewing house prices in 2009, was published today. This post reviews its main findings and updates the estimate of the total value of residential property in the country, before outlining the likely developments in the Irish property market over the course of 2010.
Rents hit their lowest level in a decade
This post reviews the latest Daft rental report, which finds that rents are at their lowest level in almost 10 years. Rents have fallen in Dublin by more than other parts of the country, while the total stock available to rent has fallen 10% in recent months. Some implications for NAMA are also explored, before underscoring the good news for tenants this news represents.
House price down 4.7% in the third quarter of 2009
This post goes through some of the findings from the latest Daft.ie Report, out this morning, which reviews trends up to the end of September. Optimists can point to falling stock for sale and quicker sale times in Dublin. Clear regional differences are now emerging in the house price adjustments, while sellers many counties also seem to engaging in a six month wait-and-see strategy.
Asking prices down 20% in a year: Daft.ie House Price Report
The latest daft.ie House Price report was released this morning. It shows that asking prices have fallen 5.7% in the last three months and by almost one quarter since their 2007 peak. New figures on time-on-market are showing a growing gap between urban and rural markets, with properties in Dublin in particular falling more and moving faster and in greater numbers.
