Rental market softening?

I think the recent reports rental returns surge might be a bit of a red herring. I live on the DART line, the area has good amenities, schools and bus links etc, but from looking at Daft the average rent for a 3 bed semi in the area hasn't increased more than 10-15% in the last 7 or 8 years.
 
Rents are up 8-10% in Limerick?

Depends on the area and the quaility of the property I suppose.
 
These people should stick to facts if they want to be taken any way seriously.

Ken MacDonald, Hooke & MacDonald
Sales of new homes slowed significantly in 2007. What's the outlook for 2008? Stability is gradually returning to the market which should result in a steady flow of sales from February onwards . . . and fortunately without the overheating that was prevalent in 2006. From a purchaser's point of view, there is real value out there particularly when one takes into account that salaries are rising, interest rates have peaked and prices have not increased for 18 months.
 
And if you believe this you would believe anything. This is from an agency who up to November last didn't see a downturn. When prices meet the level of late 2005 than the market will stat generating interest again.
 
At this stage old Ken must be tired of being the lone cheerleader for the industry...
 
according to the good people on thepropertypin.com property available for rent is at an all time high (>10000 units) and property available for sale (>56000 units) is at an all time high. The most basic and reliable law of economics is supply and demand. Rent will plummet just like property prices have.
 
MrKeane said:
according to the good people on thepropertypin.com property available for rent is at an all time high (>10000 units) and property available for sale (>56000 units) is at an all time high. The most basic and reliable law of economics is supply and demand. Rent will plummet just like property prices have.
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You can also find the statistics on rentals and numbers for sale at the site quoted above:
http://daftwatch.atspace.com/
Yuo can get this information by county.


The latest falls in property prices can be found here:
http://www.irishpropertywatch.com/
 
MrKeane said:
These people should stick to facts if they want to be taken any way seriously.

Ken MacDonald, Hooke & MacDonald
Sales of new homes slowed significantly in 2007. What's the outlook for 2008? Stability is gradually returning to the market which should result in a steady flow of sales from February onwards . . . and fortunately without the overheating that was prevalent in 2006. From a purchaser's point of view, there is real value out there particularly when one takes into account that salaries are rising, interest rates have peaked and prices have not increased for 18 months.
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I like the way he says "prices have not increased for 18 months" - a nice way of talking around price declines!
 
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