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PROPERTY WEBSITE DAFT.IE has seen an increase in advertisements for rental property in Dublin since the coronavirus outbreak hit the tourism sector.
Ronan Lyons, Daft.ie economist said there has been a general increase in the number of available rentals across the country over the last 18 months, but there is a particular trend he has noticed in the data from the start of March in the capital.
The number of rental ads is up in March so far, by about 13% nationally.
He said almost all of that increase is concentrated in Dublin (303 of the 353 extra listings) and half of the Dublin increase is concentrated in what might be termed the most in-demand property type and area for the short-term rental market – one and two-bed properties in Dublin city centre.
This segment has seen a 64% increase in listings since the start of the month – with 396 ads so far, compared to 242 in the same period last year.
“The increase in the number of properties advertised for rent so far in March is likely to be related to the collapse in tourism and thus the fall in demand for short-term rentals,” Lyons said.
Most of the country has seen almost no change in properties advertised to rent, compared to a year ago. But the number of smaller properties in central Dublin – where demand for short-term lets is concentrated – has grown by almost two-thirds. Close to 400 one- and two-bed properties were advertised in under three weeks, up 150 from the same period last year.
Speaking to TheJournal.ie, Lyons said the drop in tourism as a result of the coronavirus measures in Ireland and around the world may have been a “trigger” for property owners who were using their apartments for short-term lettings on a fulltime basis to get out of that market.
Last year new short-term letting regulations came into effect around Ireland.
Under these new laws, home-sharing on platforms such as Airbnb are only allowed where a house is a person’s primary residence inside designated ‘rent pressure zones’.
Home-sharing – people renting out a part or all of their home for a period of time, usually to tourists who are visiting the country – operates under strict limits and is monitored by local authorities.
This is difficult to enforce, however, Lyons said, and the recent increase in listings may indicate some property owners were continuing to flout the regulations until the current situation took away the tourism option for them.
“I suspect that’s probably the case, they don’t know when this will be resolved and they’re thinking there’s no point relying on sparse tourism demand for six months, and maybe a crackdown is coming anyway because of the new regulations so they’re thinking they might as well [change].”
While there has been a noticeable increase in available properties, Lyons said the scale is still small compared to overall need.
He said the Dublin rental market typically needs 1,000 homes a week to keep rents affordable.
“Thus, while a one-off shift from the short-term to long-term rental market may be welcome news for many, it does not change the huge underlying need to build new rental homes.”
Note: Journal Media Ltd has shareholders in common with Daft.ie publisher Distilled Media Group.
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Absolutely no place for this at any sports ground. They’re a disgrace to their county & should be barred from venues for life
@samstheman: They were kids, give them a break.
@páraicS: To be fair in any other sport they would see some sort of ban. By not doing so the gaa are in some way allowing this behavior to spread.
I’m a similar note I saw an underage hurling game on my local park whilst walking my dog where there was a proper fight on the pitch between 2 players where they had to be separated. Neither was sanctioned( or even told to shake hands afterwards) that’s really poor behavior from the coaches
@páraicS: they weren’t ‘kids’ . Look at the footage. They were youths. And they were a disgrace. Pure thugs
@páraicS: big enough for kids. I stand by my comment. Then they got off with a caution. Joke, interestingly if they were Dubs what would you have to say?
@Anthony: what’s a youth? If I host an under 15s soccer match is it a game between a gang of youths?
@páraicS: I would say the people harassed or intimidated because of their carry on also deserve a break
@páraicS: Kids ? They were given Adult cautions, Kids my ass!
Imagine the damage there could have been done by their behaviour and come back and tell us to give them a break.
@thephantomshit: they were older than 15. Look at the footage.
@páraicS: Nope.
@páraicS: noisy disruptive teenagers can be a nuisance at games to spectators near them needing the Guards to be called. Responsibility called for.
@páraicS: cops should have given both of them a good clipping. Teach them some manners.
@páraicS: They got their break by not being charged, but why should paying spectators have to endure gobshyte behaviour from people at a match, regardless of age?
@John Kelly: bring back nidge, they need to be clipped.
Everyone is responsible for their own actions, I’d say their families are proud of them today. If u keep messing with fire u get burnt & these guys have a long way to go if they keep lighting fires.
@reg gordon: gaa use kid gloves wth onfield violence likewise wth thuggery on terraces
@Don Dealgan: the GAA didn’t let them go with an “adult caution” the Gardai did
@samstheman: talk a bit of sense. Don’t be trying to excuse this rowdyism. People like you add to the problem.
Too much Clonmel apple juice….
There seems to be a developing culture of phuckwits in the last year at hurling matches. I was at the Limerick match yesterday and there was a gang of aroud 40 neanderthals roaring out soccer chants for the whole match. These vermin have no place at hurling games and this must be nipped in the bud now.
@Ronan Sexton: People were singing songs at a match and you got upset? Think you need a new hobby.
@Seán Ó Murchú: No Sean, are yout comprehension skills that bad? There are night classes for that.
Why were Tipp fans beating up Tipp fans????
@Adolf Galland: drink
This isn’t the first time Tipperary supporters have been fighting each other at matches. There should be a ban on intoxicated people going into matches.
@Ed: when was d other time
Unbelievable they were let go.
Their actions both warranted being charged with public order offences, the little thug on the left in the video being the chief culprit, its an assault in broad daylight with hundreds of witnesses for christ’s sake.
points deduction for Tipp
@tubbsyf: you can have 17 points of you’re from Waterford
Ah sure it only a bit of banter
Yup 50 year old Saracens fans Nayo
If that was the Dubs.liveline would get 2 weeks out of it
Wildlings.
have your say