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RTB say rent is going down in Dublin - anyone believe that?

  • 15-06-2017 6:28am
    #1
    jamesthepeach
    Registered Users, Registered Users 2 Posts: 992 ✭✭✭


    I see the RTB are claiming rents are going down in Dublin.
    I don't buy it.
    A breakdown of area and property type would be good.

    I just saw a headline. I'll look for the actual report later.

    So if rents are going down in Dublin , when does it cease to be a rent pressure zone?


Comments

  • #2
    Selik
    Registered Users, Registered Users 2 Posts: 1,678 ✭✭✭Selik


    It might be leveling off a bit for the moment....


  • #3
    jamesthepeach
    Registered Users, Registered Users 2 Posts: 992 ✭✭✭jamesthepeach


    So if rents are down in Dublin .....

    What's the definition of a RPZ again?


  • #4
    Peregrinus
    Registered Users, Registered Users 2 Posts: 26,998 ✭✭✭✭Peregrinus


    Per the reports, it's just a small downtick over one quarter. It's much to soon to say that there's a trend under way. And it's driven by declining rents for apartments, rather than for houses.

    The Rent Index is compiled by the ESRI from the RTB's own dataset of properties and rents. I believe that if you know what you're at you can interrogate the dataset to get more specific information broken down by property type, area, etc, but that's way beyond my competence.


  • #5
    pilly
    Banned (with Prison Access) Posts: 9,005 ✭✭✭pilly


    I'd imagine it's because there's barely any properties coming up for rent and those that are at the lower end of the market.

    Anyone who has a good place is staying put.


  • #6
    Baby01032012
    Registered Users, Registered Users 2 Posts: 1,622 ✭✭✭Baby01032012


    I'd love to see the volume of rental changes this is based on compared to say this time last year. I'd hardly say the RTB register is a true reflection of actual rents. Landlords don't necessarily update the register when there is a rent review or when a tenant moves out. Plus there are serious issues with the register with properties registered falling off or not appearing at all. I've had to contact RTB for both of these situations recently.


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