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A NEW REPORT shows that the average rent in Dublin has increased – but the number of rental properties in the capital is down.
According to the latest report published by Ireland’s biggest property website, Daft.ie, the average rent has increased by 2.8 per cent since the same period last year. At the same time, the number of rental properties available in the capital is down 70 per cent from the peak in 2009.
The report also shows that the average rent nationwide is now €820, which is 0.8 per cent higher than a year previously.
Around Ireland, the performance of rents in the other major cities varied. Galway experienced a 2.2 per cent rise over the last twelve months, while Cork remaining largely stable (-0.4 per cent) and Limerick and Waterford experienced 2.2 per cent and 4.0 per cent falls respectively.
Rents outside the main cities rose 1 per cent in the third quarter of 2012, but remain 1.5 per cent lower than a year previously.
Image: Daft.ie
Dr Lorcan Sirr, Lecturer in Housing, DIT said that the numbers of individuals and families renting has “rocketed” in the last five years.
He added:
Across Ireland, about 29 per cent of all people now rent, with 18.5 per cent renting from the private sector. This is roughly the same level as in the mid-1950s. But what is more interesting is the speed of change: numbers renting in the private sector have increased by 86 per cent since 2006.
Sirr’s commentary on the report also shows that the Irish landlord market is an ‘amateur’ one, with the average one having between 1.6 – 2.1 properties, depending on which figures are used. He says that the rental market is changing, and changing rapidly, so both the Residential Tenancies At 2004 and landlords are going to have to adapt if they want to capture what the market has on offer.
Ronan Lyons, Economist at Daft.ie, said that the report shows continued falls in the available number of rental properties nationwide, but most significantly in Dublin.
“There are now fewer properties on the market than at any point since early 2007, when there were significantly fewer people renting,” he added.
After close to two years of static prices in the capital, this change in supply appears to be impacting rents in Dublin, which have risen just ahead of inflation over the last two years.
Year-on-year change in rents – major cities, Q3 2012
Image: Daft.ie
The full report is available from Daft.ie.
Disclosure: Daft.ie’s publisher Daft Media Ltd is a member of the Distilled Media Group. Journal Media Ltd has shareholders – Brian and Eamonn Fallon – in common with Distilled Media Group.
Read: Price index shows property prices have stabilised – Daft.ie>
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Awh he will be sadly missed from the show, may he rest in peace.
Rip Leon, you absolute legend. Always reminded me of my father in law, who was a gentleman also.
very sad to hear this news.
Always enjoy goglebox & this lovely couple
( Leon & June ) were my favourites.
They always appeared as a very happy and United couple & had great comments on the tv over the past week.
R.I.P.
From the first season of Gogglebox he was one of my favourites…He and his wife were a great double act.
Leon & June are just the best on Gogglebox! May he RIP. Thinking of June :-(
Sad news indeed. Seemed down to earth. Reality TV.
I am devastated at this news of Leon’s passing. As a lover of Gogglebox I think him and June were the best! Is it it awful that we all have to die! Sad emoji here!
@Mary Lyons: “sad emoji” in text is much more poignant that a real one. I upside down smiley face you
@Billy Connelly: I shocked face emoji both of you
He was great on the show. RIP
Very sad
Brilliant character
RIP Leon, may you be remembered for the kind, witty, mischievous, principaled and loving man you were, and not “the elderly pensioner”
Nooooo!!! ☹️
Rip leon. Just loved the banter between you and june. A great couple who still had so much love for each other. If you read other news articles you’ll get their full story and how they fought to be together due to june being from a catholic family and leon jewish. 60 years together just shows that true love exists. Googlebox will have a little segment dedicated to leon before tomorrow nights show.
Ah that’s sad. He was my faveorite!
Thanks so sad. Watching the telly will never be the same again.
@Carolin Obrien: you’ll live
@Carolin Obrien: Is Gogglebox all you ever watched?
Remember when he started crying at the end of Gladiator movie and he turned to June and said I do hope it’s like that when when we go ….rest in
peace Leon and thanks for the entertainment
One of the good guys…
Very funny couple, and in a strange way innocent with themselves at their age, which was great to watch. Not a bad bone in their body. Loved the parts where he wasn’t on the screen out robbing stuff in the fridge and june shouting at him.
Cya for now Leon.
RIP
May the person who passed rest in peace.
The UK version of Goggle box was very good unlike the TV3 version which is pathetic to say the least nothing good to say except take it off.
@Alan Scott: What does TV3 that have to do with the poor man’s death?
a t.v programme about people watching t.v is a sign of where the world is going wrong.
@Terrence Wheelock: If you dont have anything sensitive of constructive to say keep your useless comments to yourself
Btw, June and Leon were the best couple on the great show
Always liked Leon. He loved a good war film with a bit of fighting. You could see his happiness with his better half. I will miss him RIP Leon.
@Mary Loony Mc Donald: this guy from googlebox is acceptably pervy. No victims in his pervyness apart from his wife’s exasperation lol
What is goglebox? Is it important?
@William Grogan: who are you?
@William Grogan: try googling goggle box…… its not important but then, neither is your fake profile nor is mine for that matter. We are but mere grains of sand blowing in the winds of eternity falling on soft ground dear William
@William Grogan: To a lot of people yes ! it is important as relaxation, Try it.
@Mary Loony Mc Donald: pervs are hilarious LOLLERS
Rest in Peace Leo
@Misanthrope: The old perv? lol? nothing lol about pervs
@Misanthrope: Harvey Weinstein? lol? dont think so. or is their an acceptable level of perving?
have your say