Ronan Lyons | Personal Website
Ronan Lyons | Personal Website

irish property market

Will the surge of properties on to the market push rents down?

The latest Daft.ie Rental Report shows that rents nationwide have been largely stable over the past twelve months. This post looks behind these top level figures and explores two issues in particular. The first is the stock available to rent in the cities across Ireland, and whether this will push rents down in coming months. The second is how far the rent-house price relationship has adjusted back to normality in the past four years… and how much more of an adjustment is needed. Read more

Two charts on the stock of property for sale in Ireland

Has the new year brought a change in the property market headwinds? Will first-time buyers waiting in the wings find themselves missing out if they don’t move soon? This post looks at trends in the total stock sitting on the market in both apartments and houses, across Dublin, in the other major cities and in the rest of the country. It also estimates the percentage of all properties currently listed for sale in each segment Read more

The importance of getting NAMA’s core assumptions right

This post examines three key assumptions underpinning the assertion that NAMA only requires a 10% rebound in property values in 10 years to ‘wash its face’. It looks at the importance of measuring the fall right, questions the yield given for NAMA’s loan book and raises the possibility of any yield correction coming through downward rent adjustment, not a rebound. Read more

Top end of the market hit the hardest as rents continue to fall

The latest Daft report was released this morning. It shows rents falling all around the country, good news no doubt for new and returning students. This post reviews some of the latest trends in the rental market, including the growing urban-rural divergence, the relative importance of confidence and affordability as factors determining rents, and the potential impact of over-construction on rents beyond the short term. Read more

The level of transactions in property and the emergence of regional property markets

The latest daft report shows that asking prices are now almost 25% below their 2007 peak but also shows regional differences, with prices in some areas falling twice as much as in others. This post explores the typical time a property spends on the market across the different parts of the country and the share of properties coming off the market in a particular month. Interesting regional trends emerge. Read more