Is it that rents are falling or the rate of change is falling?
I notice from Daftwatch that the number of houses for Rent has shot up in the last couple of months, whilst the number for sale has plateaued off (@ 53/54 K).
I can only assume this is as a result of Investors placing property back up for rent after failing to achieve a sale, and that the reason for the increase in rents over the previous 12 months was as a result of these same investors placing their properties for sale, evicting their tenants, and so creating a temporary squeeze in the market. Where now for rents?
I wonder are developers of apartment complexes not selling and renting in the short-term to see if things improve?
Not sure what happens down the road if these properties don't rent as expected and continue to fall in value. Sounds risky but they may not have a choice...a trend where developers are mortgaging and renting out homes rather than selling into a depressed market.
(Donal Forde, managing director, AIB Bank )
Daftwatch also shows a dramatic increase of rental availability.
I heard this point being made over a year ago and I reckon I'll keep hearing it for another few years. I've been a renter off and on for about 10 years. Daft has been the no 1 source in the Dublin area since about 2000. The figures on Daftwatch are broken down by county and the nationwide increase in rental figures is also reflected in Dublin where Daft reached critical mass many moons ago.It may simply show that Daft may be becoming a more and more popular place to advertise properties for rent, but i dont think one can make any conclusion regarding national rental availability from these graphs.
I'm not analysing the figures, I'm simply reproducing CSO figures which haven't otherwise got any publicity.repeat above story for limerick.
By howitzer: "
While I'd like to see another 4 months CSO figures to see if there's a real trend, rather than a statistical blip, I'm pretty comfortable taking the Daftwatch figures at face value."
you are entitled to your opinion, but anyone can make any statistical figures say anything they want.
Analysis of the Daft.ie property website shows that rents have slowed noticeably in recent months.
They were 6.6pc higher in October than the same month last year, which is almost half the rate of increase recorded earlier in the year.
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