smurgen wrote: » Yep. And you are? You genuinely seem to have little insight into how proper multinationals work. Unless you're working for some dodgy crowd like Savills?
combat14 wrote: » interesting article on australias current and predicted house price fall Australian housing market could see a historic crashhttps://amp.news.com.au/finance/economy/australian-economy/australian-housing-market-could-see-a-historic-crash/news-story/d0f293b126f4ef1362d00124d0f06eb1
cnocbui wrote: » I wouldn't bet on it. Historic is the right word as Australia has not had more than a brief minor correction in house prices in 60 years. House prices in the main cities are up 450-600 % over the last 30 years. Even with the plague, they are still up 6.2% YOY.
Cyrus wrote: » I also picked this at random what’s the point ?https://www.daft.ie/12612207
brisan wrote: » Bit of a difference between dundrum and the back end of Cork to be fair
Balluba wrote: » ‘RENTS FALL IN DUBLIN - THE FIRST TIME SINCE 2011’ ———— DAFT REPORT Nov 9th 2020
thefridge2006 wrote: » any link to the report?
PropQueries wrote: » The report states that rents in Waterford City are up 5% YOY. Given that the IT has been online since the start of the academic year and students won't be returning until September 2021, how is that even possible? And that doesn't even include the AirBnB stock that should have re-entered the regular rental market. Is the Daft report even a reliable source of rental data anymore? Just to add. It's for Q3, so should we see big declines in e.g. Waterford City for Q4? It also appears these Daft rental reports suffer from the same lag effect as the PPR.
PropQueries wrote: » Is the Daft report even a reliable source of rental data anymore?
Cyrus wrote: » well if its not telling you what you want to hear i suppose the first thing to do is try discredit it.
PropQueries wrote: » HAP etc. is now the primary determinant of rental prices in Ireland. This makes sense as how else could places like Donegal have seen an increase of 40% in rents over the past 10 years.
PropQueries wrote: » However, if rents in towns like Maynooth and Waterford City aren't in freefall due to significantly lower numbers of students and no AirBnB demand, then there's only a few possible explanations I can think of this early in the morning:
PropQueries wrote: » Not discrediting it. Specifically said it's for Q3. However, if rents in towns like Maynooth and Waterford City aren't in freefall due to significantly lower numbers of students and no AirBnB demand, then there's only a few possible explanations I can think of this early in the morning: 1. It's a lag effect as it's for Q3 so landlords may have been holding out for a return to normality in October. 2. HAP etc. is now the primary determinant of rental prices in Ireland. This makes sense as how else could places like Donegal have seen an increase of 40% in rents over the past 10 years. 3. Landlords may be keeping units empty and taking the hit this year in the hope of a return to normality in 11 months time (and it is a minimum of 11 months as Maynooth and Waterford colleges are on remote learning until then.) 4. Others? I would go with point 2 above at the moment. So if this report is accurate, it looks like the state is the rental market now.
lalababa wrote: » I've seen the headlines in the media, rent increases. There's thousands of places of all types for rent in Cork City & county. Makes you think
Smouse156 wrote: » Prime Dublin (950k plus) down 4% YoY. Shows that there will be a two tier market with rises in the 300k new build/HTB range and drops in the high end High-end property prices in capital softening via The Irish Timeshttps://www.irishtimes.com/business/economy/high-end-property-prices-in-capital-softening-1.4403639
PropQueries wrote: » According to Daft.ie today, there's only 15 places to rent in Maynooth and this is a University town with c. 14,000 students, most of who are on remote learning until October 2021. As you said. Makes you think.
fliball123 wrote: » If you think about it rents outside of Dublin will not be going down , your the one saying more people are working from home I would hazard a guess some have moved outside of Dublin to rentals taking up rental stock. Also if you compare the amount of students that would of been coming into Dublin as apposed to every where else in the country, Dublin would be hit hardest with regard to student accommodation not being used and would more than likely be added to the rental stock (even if temporarily while covid is here) same goes with AirBnb I would say that the majority of airBnbs where in Dublin. So it kind of makes sense that Dublin is dropping due to increased Rental competition and the rest of the country staying the same or rising. Now unlike you Props I have no data (bar the fake news Daft report ) for this so anyone feel free if they have stats or anything that would prove this wrong. Its only my opinion.
brisan wrote: » TBH I would take any report from Daft or My home with a large pinch of salt Same applies to the Irish Times They all have a vested interest in the market and will spin the narrative to suit themselves Checking asking prices and the PPR are the only real indicators As regards rents ,my own view is that REITS are leaving property empty to keep headline rents high and some private landlords are doing under the table deals to keep headline rates high Landlords leaving the market will also have an effect I find it hard to believe there are so few properties available in maynooth Definitely something going on there I know in my area D3\5 rentals are taking longer to shift and prices are dropping Ir
fliball123 wrote: » Can I ask how you know d3/5 rentals are taking longer? Sounds a bit conspiracy theoryish to be honest the idea that some people will just not rent out their property for the last nine months and the foreseeable future to keep prices up? Cant see it maybe a few REITS could afford this but the rental market as a whole ?? I mean supply for sale is drying up another 60 less properties today on myhome than there was Friday evening. Unless there is some conspiracy going on here as well?
Graham wrote: » 15 isn't bad for Maynooth, it's been a very tough market to rent in over recent years. Student houses in particular are a tough find so they tend to be kept over the summer holidays etc just to make sure they're still available for the next academic year.
