Rents in Dublin - people must be joking!!!

[myk]

On a broader point, what are the chances of the reduction in rents provoking a panic-sell among "buy to let" landlords in the coming years? This would send house prices into a further spiral

i doubt it, property may be sold because of finance difficulties, but i don't think they will be sold because landlords fear lower yields.

Doesn't one feed the other though?

lower rents could lead to difficulties paying interest, sure. my point is I don't think many landlords will sell at a low point in the property market because they fear falling rents. most will look at capital values first and income streams second. i think they'd hold their nerve over rents if they thought they could manage the finance and if they thought that prices to sell would improve.

[Leftfemme22]

Check out the list of places on our site that have changed the price in the last 2 weeks.

211 in the last 2 weeks in South Dublin City alone
http://www.irishpropertywatch.com/re...Property Watch

IMO plenty of places have been on the market so long that you should be able to negotiate the price down fairly easily.

Do you know if some of the sites who advertise property for rent change the length of time the property has been on the market regulalry?

A colleague of mine has a place advertised to rent but it has been vacant for 2 months yet the advertisement says it's only been on the market for 3 days?

[mairteenpak]

If its vacant for two months it costs too much

[Leftfemme22]

On a broader point, what are the chances of the reduction in rents provoking a panic-sell among "buy to let" landlords in the coming years? This would send house prices into a further spiral

i doubt it, property may be sold because of finance difficulties, but i don't think they will be sold because landlords fear lower yields.

Doesn't one feed the other though?

lower rents could lead to difficulties paying interest, sure. my point is I don't think many landlords will sell at a low point in the property market because they fear falling rents. most will look at capital values first and income streams second. i think they'd hold their nerve over rents if they thought they could manage the finance and if they thought that prices to sell would improve.

Yeah thats true of the seasoned professional landlords but what about the amateurs , they number in the tens of thousands I'd say.

[Dreaded_Estate]

Check out the list of places on our site that have changed the price in the last 2 weeks.

211 in the last 2 weeks in South Dublin City alone
http://www.irishpropertywatch.com/re...Property Watch

IMO plenty of places have been on the market so long that you should be able to negotiate the price down fairly easily.

Do you know if some of the sites who advertise property for rent change the length of time the property has been on the market regulalry?

A colleague of mine has a place advertised to rent but it has been vacant for 2 months yet the advertisement says it's only been on the market for 3 days?

We track how long a property has been on the market by recording the date we first see it.
Even if the person renews the add we will still have it recorded as being on for the correct number of days.

Check out their property on the site and you will see

[Leftfemme22]

If its vacant for two months it costs too much

Of course it costs too much but it’s in parity with properties in the area.

[myk]

Yeah thats true of the seasoned professional landlords but what about the amateurs , they number in the tens of thousands I'd say.

I still can't see more than a small number bottling it like that. If they are in negative equity they'd have to stump up cash to clear the mortgage when they sell.

[mairteenpak]

If its vacant for two months it costs too much

Of course it costs too much but it’s in parity with properties in the area.

There is a big difference with parity with properties let and parity with properties to let

[goosebump]

[quote=Nagy]

Rents won't just be reduced by some act of god or the "market"

Only by the workers of Ireland uniting and rising up against the parasitic landlord class will we obtain affordable rents.

It's genuinely hard to tell if this is (a) a parody of a useless little commie being serious or (b) a useless little commie being serious.

So because I don't want to be screwed over any more by corrupt FF councillors, contruction bosses and landlords I am a useless commie? My landlord owns 8 houses and flats and lives off the rents. He is a parasite who lives off the labour of young working people. It's time to change this sorry state of affairs.

So what does "rising up" involve? And does every member of this "parasitic landloard class" own 8 houses? It all sounds very commie and useless to me.

Anyone who buys a house solely for the purpose to rent out and make a profit is a parasite. Of course the parasites are now so numerous in society and have become part of the establishment no one really seems to question their greed any more.[/quote:jqw301qj]

What about people who rent out belt sanders, bicycles, cars and those little talkie things you get in museums that tell you what you are looking at? Are they parasites too?

What do you suppose would happen if nobody rented out property?

What would students do?

"Hi, I'm a First Year Arts Student in UCD and I'd like to apply for a mortgage. I was thinking of getting a place in Donnybrook."

[seabhcan]

Consider living north of the river. My experience is that housing is better value and higher qualitity up here (as there are plenty of new buildings). There are a ton of new good quality appartments in Artane, and the transport links to the city center and Dart are second to none. Theres a bus every 1 or 2 minutes on the Malahide road.