Looking at the latest graphs on http://daftwatch.atspace.com/ it is obvious that there has been a rapid increase in supply of rental properties (from approx 6,000 in Oct to >10,500 now).
It would seem logical that such an increase in supply would be exerting some downward pressure on rents. Are people noticing rents dropping or longer vacant periods on properties, or is there another dynamic at work in the rental market? What does this increase in supply mean for it mean for investment in residential property in Ireland? Are we facing a crash in rents?