Ronan Lyons | Personal Website
Ronan Lyons | Personal Website

rent supplement

Buyer power: Latest rent figures suggest review of rent supplement will have an impact

Where is there oversupply in the Irish rental market? And where might there be shortgages? This post reviews the figures from the latest Daft.ie Rental Report, whose commentary is given by Minister Joan Burton. The headline figures suggest stability in rents, but that hides very different trends between the major urban markets, Dublin and Cork in particular, and the smaller rental markets. A comparison of supply and demand across the country suggests that rents should be falling faster in many parts of the country – turning the focus back on to rent supplement levels. Read more

Rent supplement: time for taxpayers to use their market power

The last few Daft.ie Rental Reports have showed remarkable stability in rents in many parts of the country. This post outlines how rent supplement may be acting as a floor on residential rents in Ireland. It compares the ratio between average rents and maximum rent supplement in 2007 and now, which highlights just how serious the problem is. Working tenants can now effectively be outbid by welfare tenants, who have no incentive to haggle, in most parts of the country. Read more