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Rent/Mortgage price rise headline

  • 14-03-2012 04:04PM
    #1
    Technocentral
    Registered Users, Registered Users 2 Posts: 6,111 ✭✭✭


    Really surprised at this news story today, it said average outlay on rent/mortgage is gone up from "94 euro a week in 2004/2005 to 147 euro in 2009/2010." You could barely get a bedsit in Dublin for that! Average amongst myself and people I know is 8/900 a month, they said that yearly accomodation accounts for "18% of income" more like 50/60 per cent I would think?.


Comments

  • #2
    wench
    Registered Users, Registered Users 2 Posts: 1,671 ✭✭✭wench


    Technocentral wrote: »
    Really surprised at this news story today, it said average outlay on rent/mortgage is gone up from "94 euro a week in 2004/2005 to 147 euro in 2009/2010." You could barely get a bedsit in Dublin for that! Average amongst myself and people I know is 8/900 a month, they said that yearly accomodation accounts for "18% of income" more like 50/60 per cent I would think?.

    If you are paying rent/mortgage, then yes it will probably be much more than that.
    However, a large proportion of the population (eg most of those aged 50+) will have a very small mortgage or none at all. This then skews the average downwards.


  • #3
    omahaid
    Closed Accounts Posts: 2,497 ✭✭✭omahaid


    I know it's eerily close in my case, about €100 week mortgage & €40 a week in home insurance & maintenance. It's all down to when you bought really, some people have €0 mortgage.


  • #4
    Milk & Honey
    Banned (with Prison Access) Posts: 1,950 ✭✭✭Milk & Honey


    Bedsits in Dublin can be got for €100 per week.


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