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Number of Properties available for rent has doubled in last 3 months

  • 12-02-2008 7:03pm
    #1
    mastermind2005
    Banned (with Prison Access) Posts: 339 ✭✭


    New figures today show that the supply of properties available to rent across the country increased by almost 50% in the last three months of 2007.

    Daft.ie's latest rental report says that this dramatic increase in supply has led to a levelling off in rents, with the average rent countrywide unchanged at €1,388.

    Daft says the increase in supply is probably due to investors releasing more properties onto the rental market, thus pushing up the overall level of supply.

    It says that rental growth slowed to 4.3% year on year, the slowest pace since November 2005.

    'Rents have now stopped increasing for the first time since they started to rise in mid-2004, when Ireland opened its labour markets to the new EU members,' commented Daft's economist Ronan Lyons.

    http://www.rte.ie/business/2008/0212/daft.html


Comments

  • #2
    Cannonbury
    Closed Accounts Posts: 1 ✭Cannonbury


    I don't think this is true and would love to know where they get their 'facts' from as I've been searching for a DECENT one bed apt around the city centre for a while now with no luck. All thats available is small pokey dark and very expensive places.

    If anyone here knows of a 1 bed apt to rent in smithfield market please contact me.

    thanks.


  • #3
    martian1980
    Registered Users, Registered Users 2 Posts: 370 ✭✭martian1980


    Cannonbury wrote: »
    I don't think this is true and would love to know where they get their 'facts' from as I've been searching for a DECENT one bed apt around the city centre for a while now with no luck. All thats available is small pokey dark and very expensive places.

    If anyone here knows of a 1 bed apt to rent in smithfield market please contact me.

    thanks.

    you're wondering where the property rental website daft gets its stats and facts from? Let me see...

    Regards getting a place, I got a nice south-facing 1 bed apartment in the IFSC within a week of looking a month ago for 1100. If you're looking for lower prices than that, prices were never going to drop straight away - these things take time to filter through.


  • #4
    jimbozo
    Closed Accounts Posts: 80 ✭✭jimbozo


    No of Properties available for rent has doubled in last 3 months

    It has gone up by 50%, doubling would involve going up 100%.


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