Sherry Fitzgerald: net loss of 43,000 properties in private rental sector

How do SF have such numbers? Extrapolation of what they see or analysis of public data?

I am not really a fan of private companies reports being reported as fact. Daft reports get treated as official figures my much of the media. I know they have a big share of the market but I believe it is falling for rentals as well there is simply no need to advertise on Daft and people are happy to use word of mouth etc.
 
I am not really a fan of private companies reports being reported as fact. Daft reports get treated as official figures my much of the media. I know they have a big share of the market but I believe it is falling for rentals as well there is simply no need to advertise on Daft and people are happy to use word of mouth etc.
I agree. When Daft put up their fees and there was a sudden drop in apartments available to let.
 
How do SF have such numbers? Extrapolation of what they see or analysis of public data?

I am not really a fan of private companies reports being reported as fact. Daft reports get treated as official figures my much of the media. I know they have a big share of the market but I believe it is falling for rentals as well there is simply no need to advertise on Daft and people are happy to use word of mouth etc.
There is something of a false conflation here. Sherry Fitzgerald invest considerable resources in research, for example employing the highly regarded economist Marian Finnegan since the mid-1990s. There is a stark difference between the type of research and analysis work that she
directs and the usual media clickbait churned out on foot of Daft and other press releases.
 
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From the Dublin Inquirer article

"A spokesperson for the Central Statistics Office (CSO) said: “The census may include more informal letting arrangements and would generally be completed by the tenant whereas RTB registrations are made by the landlord.”

Based on this, I'll conjecture that the gray market for housing has been growing steadily, hence the increasing discrepancy between CSO and RTB figures.
 
For literally decades, The RTB and CSO have been reporting there's more rental properties than ever more tenants than ever.

The inference is that theres no issue in the rental and housing market or with Landlords. So therefore the govt doing a great job and any stories to the contrary are just media and landlords spin.

Must be excess of supply causing the sky high price of renting and housing.
 
Daft and RTB are wrong but CSO and word of mouth are right.

I’m not sure what you are getting at.

People are renting via channels outside Daft.

Be it actual word of mouth or Facebook groups etc.

Daft makes sense for getting market rate or perhaps when demand is a bit low.

If I had a house to rent now, in a RPZ I’d know a few people off hand who would rent it. No need for Daft.
 
4 different sources of reports all giving different versions of the same data. I would not be so trusting of official sources that conveniently give a positive spin on rental market in utter crisis for decades.



The rents are at insane levels. We've emergency rental legislation every time we open a newspaper. But RTB and CSO giving a thumbs up.

And you're critical of daft? Missing the bigger picture here. We've no reliable information on the housing and rental market at a time when it's critical to have that information. Kinda nuts.

If theres a rental black market it because govt policy has created it.
 
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Based on this, I'll conjecture that the gray market for housing has been growing steadily, hence the increasing discrepancy between CSO and RTB figures.
are you suggesting that there is a big market for rentals in cash whereby it is an informal arrangement between landlord and tenant outside the system that the RTB and revenue are unaware of ?
 
are you suggesting that there is a big market for rentals in cash whereby it is an informal arrangement between landlord and tenant outside the system that the RTB and revenue are unaware of ?

There always been an unregistered rental market. The Govt legislation has made it much larger.

My last dealings with RTB was them asking me to register so I could unregister. Even though their last record on my me was I was no longer renting anything. Couldn't their find own butt with both hands. I'd have no confidence in their stats.
 
Missing the bigger picture here. We've no reliable information on the housing and rental market at a time when it's critical to have that information. Kinda nuts.

Totally agree. It’s crazy and a result of a very casual approach to rentals for too long. We should have got on top of it by now though.

I’ve no real issue Daft. They are a private company and are going to promote themselves as much as possible. The have succeeded on being primary location for house sales, rentals and almost the go to expert for market analysis / availability of rentals etc.

I just think that anyone reporting on their data should understand that their data is limited and may have biases.

I’d imagine most new builds for rent go up? But do the 100 units in an apartment block get posted and counted?

Lots of rentals happen outside of daft. I suspect they are the cheaper RPZ stuff. All they have is asking prices for houses right? Or do the match with the PPR?

They are filling a gap left by the state tbf.
 
are you suggesting that there is a big market for rentals in cash whereby it is an informal arrangement between landlord and tenant outside the system that the RTB and revenue are unaware of ?
Depends on what you call big. I would estimate it's a few tens of thousands of properties across the country, and on the increase.

Consider a small (perhaps accidental) landlord with the following options:
A) Involve the RTB, rent at market rate (initially) but pay a load of tax, face a lot of restrictions around rent controls, difficulty of evicting in case of problem tenants, etc
B) Rent a property to a relative. Keep it "off the books". Get less than market rate but pay no tax. No paperwork/hassle, provided you don't get caught

I think the temptation of option B has increased dramatically over the last decade, and would therefore expect the proportion of landlords going that route to also increase.
 
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