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.
The Daft.ie Report reviewing the rental market in 2010 was released this week. This post outlines its major findings – including that rents are now at 1998 levels but are rising in the cities. It looks in detail at oversupply on the rental market, and how it has disappeared in some regions, in particular Dublin. It also finds that there is no systematic difference between trends in the 1-2 bed segment and in the 3-4 bed segment.
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.
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.
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.
Recently, there have been some suggestions about NAMA buying up and renting out thousands of properties from its portfolio. This post goes through those suggestions and explores why it is a bad idea for the taxpayer, in that it amounts to doubling up on the NAMA gamble with developers as well as with the banks.
In this post, I take a look at the maths behind buying or renting. Amazingly, even in heady market of 2006, it was cheaper to buy than rent. With rates back down at very low rates, and generous mortgage interest relief, it is once again cheaper to buy than rent – and looks set to stay that way, unless there are significant changes to the tax system.
Annual savings for owning rather than renting, 2006-2009
A review of the latest trends in Ireland’s residential lettings market, from the Q1 2009 Daft.ie Rental Report, including a map of the changes in rents by county.
