Low level of rented houses in midlands

Barracuda1

Has anyone noticed on daft.ie how low numbers of rented houses are available. I live in a estate where there are always houses to rent but i have noticed there has been none to rent since Feb-March time. I can remember there been up to thirty to thirty five house to rent today there are ten to fifteen to rent.

Pawwed Rig

I have found that Daft isn't the best place to advertise a house in the midlands. It is better to advertise it locally whether an ad in the local Tesco or through an agent in the area rather than nationally. The cost of advertising on Daft can be prohibitive when you are only asking for a rent of €400-€500 per month.

The_Conductor

Even in places where you know there to be high vacancy rates- this is not being reflected on DAFT. As Pawwed Rig said- you need to check other sources. I don't know why there is a sudden fall-off in DAFT advertisements though- but it is something you can see even in the greater Dublin area- often large numbers of properties in the likes of Adamstown that you know to be available to let- which would normally be on DAFT- are not. Perhaps they have to look at their prices?

engineermike

Hi,
living in the Midlands its the low prices / rental that are keeping stock low. Most are advertised on notice boards, local papers etc. as at rentals between 450 - 600 in 'urbanized' areas of the midlands it doesn't leave a lot of room for the landlord to pay unnecessary costs to secure a new tenant.
Rental costs are right down to meet the market & there was a period over the last couple of years you would find it more difficult to find a tenant.
For instance in my village (not a million miles from Kinnegad). 2 x identical 4 bed furnished houses in the same estate. One of which i managed for someone & the other belongs to a family member.
I rented the one I managed to a very steady tenant back in 2009 for 2 years at the then cut price of €450 euro PM. At that point in time the family member had there's rented at €650 PM, que the next 2 to 3 years of 'bad tenent's' and slow decreases to 600, 550 and now its let for €450 per month.
So overall as a result in 2013 the rentals are down across the board, but the demand is up again - which allows landlords a some what 'break even' attitude but more importantly: 1. Payments going into the bank! & 2. A wider selection of tenants to choose from.
mike f

Barracuda1

good point engineermike. I suppose with the low number of mortgage being approved people are renting and with zero construction taking place houses are bound to dry up. I wonder will construction start on the unfinished housing estates in the next year or so.

gaius c

Are they making any effort to rent out "ghost" stock?

If not, there's your answer as to why stock is running low.