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  1. #2341
    hammer hammer is offline
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    There are 895,600 people living in rented accommodation in Ireland and, as a proportion of the overall population at 18.9%, is now the highest since records began.

    A report on the private rental sector from estate agent Savills says this figure has risen by 39,500 (4.6%) in the last year.

    Savills notes the average number of people in each rental property is also at a record high, rising from 2.7 to 2.8.

    The estimated vacancy rate is described as "razor thin" at 1.31%.

    Almost a quarter of Dublin's population is made up of renters.

    The report author, Savill's Director of Research Dr John McCartney, said the "continued expansion of Ireland's private rented sector should not come as a surprise.

    "Property prices continue to advance faster than average earnings, creating an affordability challenge to home-ownership, which is driving people into the rented sector."

    For rents to stabilise, Savills says the vacancy rate would need to be 5.6%, which it says is not likely to happen in the forseeable future, meaning rents are set to continue to rise.

    The research also indicates cash investors are now "crowding out" mortgage financed buy-to-let landlords, with over 60% (c. 200,000 units) of the country's private rental stock owned outright by investors.


    Amazing.
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  2. #2342
    Niall996 Niall996 is offline
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    Quote Originally Posted by hammer View Post
    There are 895,600 people living in rented accommodation in Ireland and, as a proportion of the overall population at 18.9%, is now the highest since records began.

    A report on the private rental sector from estate agent Savills says this figure has risen by 39,500 (4.6%) in the last year.

    Savills notes the average number of people in each rental property is also at a record high, rising from 2.7 to 2.8.

    The estimated vacancy rate is described as "razor thin" at 1.31%.

    Almost a quarter of Dublin's population is made up of renters.

    The report author, Savill's Director of Research Dr John McCartney, said the "continued expansion of Ireland's private rented sector should not come as a surprise.

    "Property prices continue to advance faster than average earnings, creating an affordability challenge to home-ownership, which is driving people into the rented sector."

    For rents to stabilise, Savills says the vacancy rate would need to be 5.6%, which it says is not likely to happen in the forseeable future, meaning rents are set to continue to rise.

    The research also indicates cash investors are now "crowding out" mortgage financed buy-to-let landlords, with over 60% (c. 200,000 units) of the country's private rental stock owned outright by investors.


    Amazing.
    If there's were no properties to be found anywhere in Ireland a year ago, where did 39,500 people manage to find private homes?

    By the way, cash buyers are also buy to let investers.
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  3. #2343
    Civic_critic2 Civic_critic2 is offline

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    They're not investors they're divestors.
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  4. #2344
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    Lansdowne penthouse sells for record €6.5m – and it’s not even built yet

    Property slump looming me boll ix.
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  5. #2345
    hammer hammer is offline
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    Homebuyers exposed as developers drop 'subject to loan approval' clause
    Non-conditional contracts mean buyers risk losing deposit if the sale doesn’t go ahead

    Shower of ***************

    And IMFF think these people would pass on any Vat reduction
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  6. #2346
    hammer hammer is offline
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  7. #2347
    hammer hammer is offline
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    Overall, the national index is 23.7% lower than its highest level in 2007. Dublin residential property prices are 24.7% lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 29.6% lower than their May 2007 peak.

    Recovery

    From the trough in early 2013, prices nationally have increased by 70.2%. In the same period, Dublin residential property prices have increased 86.4% whilst residential property prices in the Rest of Ireland are 61.9% higher.



    WTF.

    Those DELUDED years were feckin mental.
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  8. #2348
    hammer hammer is offline
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    Dublin residential property prices have increased 86.4% whilst residential property prices in the Rest of Ireland are 61.9% higher.

    Pays not to be DOOMSTER it seems.

    Fekin Blueshirts.
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  9. #2349
    carlovian carlovian is offline
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    Quote Originally Posted by hammer View Post
    You think 12.1% is sustainable or healthy ?
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  10. #2350
    hammer hammer is offline
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    Quote Originally Posted by carlovian View Post
    You think 12.1% is sustainable or healthy ?
    Absolutely not.

    Circa 2.5% per annum would be perfect.

    But saying that I cannot believe some of the prices some sellers are looking for presently.
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