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Greystones declared a rent pressure zone

  • 21-09-2017 8:27am
    #1
    2011
    Moderators, Home & Garden Moderators, Technology & Internet Moderators, Regional East Moderators Posts: 12,641 Mod ✭✭✭✭


    Interesting to see that Greystones has now been declared a "rent pressure zone" due to the exceptional rent increases:

    https://www.google.ie/amp/www.rte.ie/amp/905978/

    I love Greystones, but I can't fathom why some are prepared to pay the extortionate rents that are applied to some of the properties in the area when there are far cheaper rents available in comparable properties a short distance away. Paying these rates fuels future price hikes and makes saving for a deposit impossible for so many. /Rant


Comments

  • #2
    saintsaltynuts
    Registered Users, Registered Users 2 Posts: 1,119 ✭✭✭saintsaltynuts


    Sign of the times I'm afraid.


  • #3
    CaoimheSquee
    Registered Users, Registered Users 2 Posts: 359 ✭✭CaoimheSquee


    2011 wrote: »
    Interesting to see that Greystones has now been declared a "rent pressure zone" due to the exceptional rent increases:

    https://www.google.ie/amp/www.rte.ie/amp/905978/

    I love Greystones, but I can't fathom why some are prepared to pay the extortionate rents that are applied to some of the properties in the area when there are far cheaper rents available in comparable properties a short distance away. Paying these rates fuels future price hikes and makes saving for a deposit impossible for so many. /Rant

    Because it's a nice place to live and still doable as a commute for Dublin city centre.
    Also you do get a bit more bang for your buck in that what we pay gives up a nice bit of space in a quiet area with lots of amenities.
    Anywhere further away again in the surrounding areas means less public transport options and being totally reliant on a car.
    Also Greystones has an awful lot to offer (sports, beach, theatre, restaurants etc.)


  • #4
    2011
    Moderators, Home & Garden Moderators, Technology & Internet Moderators, Regional East Moderators Posts: 12,641 Mod ✭✭✭✭2011


    CaoimheSquee wrote: »
    Because it's a nice place to live and still doable as a commute for Dublin city centre.
    Also you do get a bit more bang for your buck in that what we pay gives up a nice bit of space in a quiet area with lots of amenities.
    Anywhere further away again in the surrounding areas means less public transport options and being totally reliant on a car.
    Also Greystones has an awful lot to offer (sports, beach, theatre, restaurants etc.)

    It's a lovely spot, I agree 100%
    I enjoy many of the amenities, I must admit.
    Great for those that are happy to pay the rent.


  • #5
    mrbrianj
    Registered Users, Registered Users 2 Posts: 384 ✭✭mrbrianj


    2011 wrote: »
    It's a lovely spot, I agree 100%
    I enjoy many of the amenities, I must admit.
    Great for those that are happy to pay the rent.

    Thats the way of the world. You get what you pay for. The more fashionable or convenient a place is and demand will eat up supply and price will be driven up.

    The killer is if you have kids in schools or even just friends in one area.

    The "market" does not concern itself with peoples need to save, only their need to spend


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