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Rental arrears 9%

  • 28-10-2012 3:32pm
    #1
    handlemaster
    Registered Users, Registered Users 2 Posts: 6,003 ✭✭✭


    A recent article in the guardian referenced a report that all rentals in the uk are in arrears of 9%. Any such numbers available for ireland ?


Comments

  • #2
    StillWaters
    Closed Accounts Posts: 1,799 ✭✭✭StillWaters


    handlemaster wrote: »
    A recent article in the guardian referenced a report that all rentals in the uk are in arrears of 9%. Any such numbers available for ireland ?
    I doubt it's anything near that,. The housing benefit there is paid direct to the LL AFAIK.


  • #3
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,286 Mod ✭✭✭✭The_Conductor


    Dearth of Irish data- and of the data we have, most of it relates to mortgage rather than rent arrears. 14% of privately rented accommodation is in arrears, totalling mortgages just under 35 billion. These are next on the hitlist for lending institutions (along with small scale developers and those with debts of under 15m).

    The Irish market doesn't have the clarity thats available in the UK- however, its a good assumption that things are going to go rapidly downhill, esp. with the property tax next year.


  • #4
    handlemaster
    Registered Users, Registered Users 2 Posts: 6,003 ✭✭✭handlemaster


    StillWaters wrote: »
    I doubt it's anything near that,. The housing benefit there is paid direct to the LL AFAIK.

    are you saying the report is incorrect ?


  • #5
    StillWaters
    Closed Accounts Posts: 1,799 ✭✭✭StillWaters


    handlemaster wrote: »

    are you saying the report is incorrect ?
    No, I'm saying I doubt the Irish stats are 9%. I can't comment on the uk Market.


  • #6
    handlemaster
    Registered Users, Registered Users 2 Posts: 6,003 ✭✭✭handlemaster


    smccarrick wrote: »
    Dearth of Irish data- and of the data we have, most of it relates to mortgage rather than rent arrears. 14% of privately rented accommodation is in arrears, totalling mortgages just under 35 billion. These are next on the hitlist for lending institutions (along with small scale developers and those with debts of under 15m).

    The Irish market doesn't have the clarity thats available in the UK- however, its a good assumption that things are going to go rapidly downhill, esp. with the property tax next year.

    14% seems to be a fairly high figure. Whats the international average and turning a recession what does 14% stand out as ?


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