Ronan Lyons | Personal Website
Ronan Lyons | Personal Website

daft report

2010 marks the end of a single national property market

This post reviews the latest Daft Report, which outlines trends in house prices around Ireland over the course of 2010. In particular, it discusses the end of a single national property market and how the focus should now turn to the different regional markets around Ireland. Some of these, particularly in the cities, look quite close to the adjustment “finishing line”, while others may perhaps be only half way through their adjustment. Read more

As rents stabilise, the urban-rural gap widens in the rental market

This post reviews some very interesting findings from the real economy, at a time of great uncertainty about the government finances. In Ireland’s major cities, rents have stabilised, indicating a new floor may have been reached in income and jobs. This is not specific to any particular size of property. Instead, the big gap is between cities, which if anything may look understocked at the moment, and non-city areas, which are still significantly overstocked. Read more

House price falls of 40% suggest 100,000 in severe negative equity

The latest Daft House Price Report, for Q3 2010, is out and this post reviews its main findings, including signs of easing price falls in Dublin and the likelihood of sellers finding a buyer. It also updates previous estimates of the number of households in negative equity, now over 200,000. The main worry has to be the number in severe negative equity of €50,000 or more, estimated at 100,000. Read more

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. Read more

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. Read more

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. Read more