Rental crisis to intensify as ‘starved of supply’ housing stock dips below 2,000
Housing stock is now less than half of the average available supply between 2015 and 2019
Housing stock is now less than half of the average available supply between 2015 and 2019
Daft report comes as Sherry FitzGerald research highlights shortage of available homes
Average asking rents are now twice what they were at the peak of the Celtic Tiger period. At the 2002 census, 27 was the age at which more than half of householders owned their own home. In 2022, it was 36
Brothers Eamonn and Brian Fallon, who set up property website in 1997 each received €2.94m in dividends this year from business
Mortgage market players need to offer more ways to allow once distressed borrowers to clear their mortgage debt
Trying to keep everyone happy has seen successive ministers succeed only in keeping no-one happy
However, latest Daft.ie data points to early signs of recovery in volume of second-hand home listings
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Daft.ie report says rents nationally rose an average 3.4% to €2,053 per month in first quarter of year
ESRI study links shortage of rental accommodation to lack of market turnover
Estate agent DNG’s price gauge points to annual inflation rate of 9.6%
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First quarter level of available second hand homes now at lowest since 2007
Open-market rents across the country are now 43 per cent higher than before the Covid-19 pandemic
Allowing rent resets when a home becomes vacant, along with greater opportunities for maintenance and improvements to be recouped, represents the best way to resolve issues in the rental market
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Natalie Gorghi rented property with her family for more than 11 years
Looking only at rent costs, Dublin ranked behind London, Zurich and Geneva and ahead of Amsterdam and Luxembourg, the Numbeo survey shows
Prices rise by 9% to average of €332,000 across the State, says Daft.ie, with Dublin average just below €443,000
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Open-market rents in the capital rising at annual rate of 5.2%, double that seen at end of last year
Research shows many homes listed as available are already sale agreed due to delays in updating websites and also to maintain market interest in case sales fall through
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Prices rise 3% in third quarter as shortage of second-hand homes for sale bites, according to Daft report
In a functional property market, you would expect different sets of data on rents to concur. Not here
Analysis by property firm Savills highlights the chronic shortage of available property to rent and buy across State
Average rent asking price nationally was put at €1,922 per month, 41 per cent higher than before the pandemic
Average open-market rent nationwide in the second quarter of the year was €1,922 per month, Daft.ie report shows
Distilled Ltd received dividends of €14.5 million in the year – down from €19.5 million – from its subsidiary undertakings
First-time buyers are getting older, buying smaller homes and are not necessarily in a couple. Some urban areas other than Dublin are seeing relatively low activity
Daft.ie says average listed price nationwide just under €340,000
New report from Daft.ie shows average rents in Dublin reached €2,395 in the first three months of the year
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New accommodation eased inflation but trend likely to turn, expert predicts
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Journal Media was established in 2010 by brothers Brian and Eamonn Fallon
Company links latest price trend to overall shortage of properties available to buy particularly in second-hand market and relaxation of mortgage rules
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As with homes near the Dart and Luas, properties close to Dublin’s new underground look set to jump in value
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Property values rose 3.4% last year with the average home on the market for €320,000
Some 41 per cent of offers made using the platform were placed outside of business hours
Property website Daft.ie said homes offered on its bidding platform have gone from first to final offer within just 10 days
Distilled Media Group, which operates the Journal, 42.ie and Noteworthy platforms and owns 50% of Daft.ie and Adverts.ie, recorded decline in revenues
The best news, analysis and comment from The Irish Times business desk
Daft.ie figures suggest rental supply is rising but it is still some way off the number that you would expect in a properly functioning market, according to Ronan Lyons
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Second-hand market remains ‘tight’ and has not recovered from the pandemic
Revenues increase by 9% from more than €33m to in excess of €36m in 2022
Latest Daft report indicates the rate of increase in the capital moderated to just 0.3% in second quarter but was running at 4.3% elsewhere
Some 4,928 mortgages approved in May with an overall value of close to €1.4 billion
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