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Dublin - Significant reduction in rents coming?

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    #1892
    Topgear on Dave
    Registered Users Posts: 4,545 ✭✭✭Topgear on Dave


    Mon-Fri very common round here for students and workers who live in other parts of the country. Big demand for that type of accommodation. (at the right price of course)


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    #1893
    Claw Hammer
    Registered Users Posts: 6,205 ✭✭✭Claw Hammer


    Dav010 wrote: »
    It’s a studio apartment in someone’s house. €700 per month in Dublin 7, including utilities, and looks like a nice place. Some people don’t want to stay weekends, and if they find a place that costs half what it might cost for 7 days, everyone is a winner.

    Isn’t that pretty close to Grangegorman Campus?

    Hotels in the area are cheaper than that at the moment.


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    #1894
    Blut2
    Registered Users Posts: 2,969 ✭✭✭Blut2


    Claw Hammer wrote: »
    Hotels in the area are cheaper than that at the moment.


    Sunday->Friday in the 5 star Radisson hotel, with breakfasts and dinners included, is only 500eur these days:

    https://www.independent.ie/business/irish/five-star-radisson-blu-in-dublin-offers-student-accommodation-from-500-39524047.html

    Undoubtedly cheaper again too if you agreed to monthly/longer terms.


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    #1895
    JimmyVik
    Registered Users Posts: 5,367 ✭✭✭JimmyVik


    Claw Hammer wrote: »
    Hotels in the area are cheaper than that at the moment.


    What hotel is €700 PM?


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    #1896
    Claw Hammer
    Registered Users Posts: 6,205 ✭✭✭Claw Hammer


    JimmyVik wrote: »
    What hotel is €700 PM?

    Several hotels are down to €40 a night. Given that the studio in question is only available midweek and thus for a maximum of 20 nights a month, the hotel would be better value.


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    #1897
    JimmyVik
    Registered Users Posts: 5,367 ✭✭✭JimmyVik


    Claw Hammer wrote: »
    Several hotels are down to €40 a night. Given that the studio in question is only available midweek and thus for a maximum of 20 nights a month, the hotel would be better value.


    Linky please?

    I am actually looking for a hotel for 3 weeks. So if you know of even one please post it.


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    #1898
    Claw Hammer
    Registered Users Posts: 6,205 ✭✭✭Claw Hammer


    JimmyVik wrote: »
    Linky please?

    I am actually looking for a hotel for 3 weeks. So if you know of even one please post it.

    What area are you looking in?


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    #1899
    JimmyVik
    Registered Users Posts: 5,367 ✭✭✭JimmyVik


    Claw Hammer wrote: »
    What area are you looking in?


    Dublin 7 or Dublin 1 would be perfect. Not one of those dives that are not better than hostels though that you see on gardener street.
    I stayed in one of those once and im still itchy.


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    #1900
    Dav010
    Registered Users Posts: 14,319 ✭✭✭✭Dav010


    cgcsb wrote: »
    So you basically couldn't even keep your personal things there because some stranger would be routing around in them. No way to live and an absolutely unreasonable condition. It isn't half the price of nearby studios.

    Long term Mon-Friday rentals don’t require you to take your stuff away on Friday, it usually means the home owner doesn’t want the licensees around at weekends. You can lock your door before you leave on Friday.

    A quick scan of one beds in Phibsborough range up to €1700 pm, this one actually looks like a nice place, and it includes all utilities. For someone who goes home at weekends, it looks ok to me.


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    #1901
    Claw Hammer
    Registered Users Posts: 6,205 ✭✭✭Claw Hammer


    JimmyVik wrote: »
    Dublin 7 or Dublin 1 would be perfect. Not one of those dives that are not better than hostels though that you see on gardener street.
    I stayed in one of those once and im still itchy.

    Try the Hendrick.


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    #1902
    JimmyVik
    Registered Users Posts: 5,367 ✭✭✭JimmyVik


    Claw Hammer wrote: »
    Try the Hendrick.


    Thanks.
    Just tried it.
    Its nowhere near €700 for the month. More like 3 to 4 times that.
    Would have been handy enough if it was €700 for the month.


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    #1903
    Blut2
    Registered Users Posts: 2,969 ✭✭✭Blut2


    JimmyVik wrote: »
    Linky please?

    I am actually looking for a hotel for 3 weeks. So if you know of even one please post it.

    The 4* Hilton is down to 54eur a night:

    https://www.independent.ie/life/home-garden/homes/home-truths-now-cheaper-to-live-at-the-hilton-than-d1-studio-flat-39579652.html

    So there must be some even cheaper deals around on 2* or 3* hotels.


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    #1904
    Hubertj
    Registered Users Posts: 2,000 ✭✭✭Hubertj


    Blut2 wrote: »
    The 4* Hilton is down to 54eur a night:

    https://www.independent.ie/life/home-garden/homes/home-truths-now-cheaper-to-live-at-the-hilton-than-d1-studio-flat-39579652.html

    So there must be some even cheaper deals around on 2* or 3* hotels.

    thats down by the IFSC. I run through there a couple of times per week and it is a ghost town. I presume that hotel primarily got business from IFSC, Convntion Centre and concerts in 3 Arena and tourists. All 4 are gone for now.


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    #1905
    JimmyVik
    Registered Users Posts: 5,367 ✭✭✭JimmyVik


    Blut2 wrote: »
    The 4* Hilton is down to 54eur a night:

    https://www.independent.ie/life/home-garden/homes/home-truths-now-cheaper-to-live-at-the-hilton-than-d1-studio-flat-39579652.html

    So there must be some even cheaper deals around on 2* or 3* hotels.


    Not to worry.
    Just have to move out for a few weeks as some major work being done.

    Someone on here said there were hotels in Dublin for €700PM.
    I got my hopes up :)
    But of course there arent.


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    #1906
    Claw Hammer
    Registered Users Posts: 6,205 ✭✭✭Claw Hammer


    JimmyVik wrote: »
    Not to worry.
    Just have to move out for a few weeks as some major work being done.

    Someone on here said there were hotels in Dublin for €700PM.
    I got my hopes up :)
    But of course there arent.

    If you are looking for 21 nights that is a different thing to a few nights midweek.


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    #1907
    JimmyVik
    Registered Users Posts: 5,367 ✭✭✭JimmyVik


    Claw Hammer wrote: »
    If you are looking for 21 nights that is a different thing to a few nights midweek.


    When you said hotels were cheaper than the room advertised on the previous page I didnt realize you were making it up, so I actually thought to myself - "hooray, cheap hotel. Maybe covid has worked out in my favor at last".


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    #1908
    OwlsZat
    Registered Users Posts: 1,510 ✭✭✭OwlsZat


    Dav010 wrote: »
    Long term Mon-Friday rentals don’t require you to take your stuff away on Friday, it usually means the home owner doesn’t want the licensees around at weekends. You can lock your door before you leave on Friday.

    A quick scan of one beds in Phibsborough range up to €1700 pm, this one actually looks like a nice place, and it includes all utilities. For someone who goes home at weekends, it looks ok to me.

    700e a month to live in a glorified garden shed you can't be in at the weekends?

    Why do you possibly start talking about the upper end of the market when this is so clearly rooted to the bottom? Strange stuff.


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    #1909
    Claw Hammer
    Registered Users Posts: 6,205 ✭✭✭Claw Hammer


    JimmyVik wrote: »
    When you said hotels were cheaper than the room advertised on the previous page I didnt realize you were making it up, so I actually thought to myself - "hooray, cheap hotel. Maybe covid has worked out in my favor at last".

    You are not comparing like with like. It will certainly be possible to negotiate deals with hotels at the moment at a lower price than that studio. Some are accepting €40 per night midweek but they won't advertise it. You are trying to get a straight 21 day deal which will include weekends. All you have done is go to a website.


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    #1910
    Dav010
    Registered Users Posts: 14,319 ✭✭✭✭Dav010


    OwlsZat wrote: »
    700e a month to live in a glorified garden shed you can't be in at the weekends?

    Why do you possibly start talking about the upper end of the market when this is so clearly rooted to the bottom? Strange stuff.

    Owlszat, strange is it may sound, some people only want to be in Dublin Monday to Friday, and are looking for a nice place that is cheaper than renting a one bed apartment. Do do you know who this particular property suits? Someone who wants to stay in Dublin Monday to Friday and wants to pay less than a one bed apartment. Get over it, it might not suit you, it might suit someone else.

    Doesn’t look like it’s rooted at the bottom to me, looks quite nice, and it includes utilities. As a student I stayed in a lot worse for comparatively more.

    Not a bad price for living in one of the coolest places in the world,

    https://www.thejournal.ie/phibsborough-dublin-one-of-coolest-neighbourhoods-5225624-Oct2020/


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    #1911
    JimmyVik
    Registered Users Posts: 5,367 ✭✭✭JimmyVik


    Claw Hammer wrote: »
    You are not comparing like with like. It will certainly be possible to negotiate deals with hotels at the moment at a lower price than that studio. Some are accepting €40 per night midweek but they won't advertise it. You are trying to get a straight 21 day deal which will include weekends. All you have done is go to a website.

    So you are saying you cant get hotels for the same price as that room ion the area now?
    Make up your mind.
    Why post that post?
    Can you or cant you?

    Dav010 posted this.
    Dav010 wrote: »
    It’s a studio apartment in someone’s house. €700 per month in Dublin 7, including utilities, and looks like a nice place. Some people don’t want to stay weekends, and if they find a place that costs half what it might cost for 7 days, everyone is a winner.

    Isn’t that pretty close to Grangegorman Campus?

    Then you made up this to argue with him.
    Claw Hammer wrote: »
    Hotels in the area are cheaper than that at the moment.

    Why do you need to make stuff up? It helps nobody. You are always doing it.


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    #1912
    Claw Hammer
    Registered Users Posts: 6,205 ✭✭✭Claw Hammer


    JimmyVik wrote: »



    Why do you need to make stuff up? It helps nobody. You are always doing it.

    I don't make anything up, unlike some people.


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    #1913
    JimmyVik
    Registered Users Posts: 5,367 ✭✭✭JimmyVik


    Claw Hammer wrote: »
    I don't make anything up, unlike some people.


    Whatever you say. :rolleyes:
    People can go page a page and read it and decide for themselves.


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    #1914
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,283 Mod ✭✭✭✭The_Conductor


    Cut it out you two. Seriously- post in a civilised manner- and if you have an issue with something that someone posts- refute it in a factual manner, without resorting to name calling.


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    #1915
    OwlsZat
    Registered Users Posts: 1,510 ✭✭✭OwlsZat


    Dav010 wrote: »
    Owlszat, strange is it may sound, some people only want to be in Dublin Monday to Friday, and are looking for a nice place that is cheaper than renting a one bed apartment. Do do you know who this particular property suits? Someone who wants to stay in Dublin Monday to Friday and wants to pay less than a one bed apartment. Get over it, it might not suit you, it might suit someone else.

    Doesn’t look like it’s rooted at the bottom to me, looks quite nice, and it includes utilities. As a student I stayed in a lot worse for comparatively more.

    Not a bad price for living in one of the coolest places in the world,

    https://www.thejournal.ie/phibsborough-dublin-one-of-coolest-neighbourhoods-5225624-Oct2020/

    It includes utilities because being a garden shed its power is run from the actual house.

    Week only arrangements suit plenty of students. They're called digs. You let a room to them in your house and provide a meal and often some company/security. Good luck with letting out your shed.


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    #1916
    Dav010
    Registered Users Posts: 14,319 ✭✭✭✭Dav010


    OwlsZat wrote: »
    It includes utilities because being a garden shed its power is run from the actual house.

    Week only arrangements suit plenty of students. They're called digs. You let a room to them in your house and provide a meal and often some company/security. Good luck with letting out your shed.

    I’m struggling to see what it is about this place that annoys you so much.

    This was not digs, it is a self contained studio with bedroom, living room and kitchenette, and all utilities included. The ad seems to have gone from the link, so chances are, someone has a different view to you.

    I didn’t see where it said it was a shed. Unless I am mistaken, the photo of the bedroom gave a view down the garden from inside, it certainly didn’t give any indication that it was detached.


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    #1917
    polaco
    Registered Users Posts: 58 ✭✭polaco


    LawBoy2018 wrote: »
    I can't believe the amount of money I'm saving in lockdown, living at home. Realistically, I can't see rents reducing longterm until there's a substantial increase in supply, which is years away. Fingers crossed remote working becomes a thing permanently.


    Substantial increase in supply? Have you seen how many new BTR apartments are under construction in Dublin with biggest one in Cherrywood over 3000 units this just example.
    Big block apartments are build in Santry and Harold Cross at the moment and many more places. I don't think we need to wait years to see increase in supply.


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    #1918
    brisan
    Registered Users Posts: 2,242 ✭✭✭brisan


    I see Vesta living in Clongriffin are offering one months rent free if you move in before Christmas
    They must be feeling the pinch


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    #1919
    Ozark707
    Registered Users Posts: 948 ✭✭✭Ozark707


    brisan wrote: »
    I see Vesta living in Clongriffin are offering one months rent free if you move in before Christmas
    They must be feeling the pinch

    Who is going to pay those rates now when you can probably get similar in the CC etc? Sensible move by them. Wonder will existing tenants now go looking for similar?


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    #1920
    rightmove
    Registered Users Posts: 994 ✭✭✭rightmove


    brisan wrote: »
    I see Vesta living in Clongriffin are offering one months rent free if you move in before Christmas
    They must be feeling the pinch

    is there nothing in the rent cap legislation to prevent this. This is nonsense...either rents need to come down or not. Presume to RTB will have nothing to say on it. it doesnt work the other way around where rent is say 1k pre month but for one month only ( because its 50% under market) we will charge you 6k. ...but your rent is still 1k per month


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    #1921
    Claw Hammer
    Registered Users Posts: 6,205 ✭✭✭Claw Hammer


    rightmove wrote: »
    is there nothing in the rent cap legislation to prevent this. This is nonsense...either rents need to come down or not. Presume to RTB will have nothing to say on it. it doesnt work the other way around where rent is say 1k pre month but for one month only ( because its 50% under market) we will charge you 6k. ...but your rent is still 1k per month

    Someone will have to complain to the RTB and let them make a ruling. If it is a 12 month lease, it is arguable that the monthly rent is in fact 11 times the months rent divided by 12. That may well create an issue when there is an attempt to revise the rent upwards.


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