Just 2,200 homes were available to rent on Daft’s website anywhere in the State on August 1st. Photograph: Getty Images/iStockphotonationally are rising at an annual rate of 7.3 per cent and rise at double-digit rates in cities outside Dublin, which would be somewhat perverse when most urban areas are covered byDaft’s figures, however, refer to new rental listings or rent asking prices.
Daft’s main figures do not refer to the rent being paid by in-situ or existing tenants. It does note, however, that, on average, rents for sitting tenants have increased 2.6 per cent each year over the last decade compared with 7.2 per cent for market tenants during the same period.Pension pot cap issue looms for high earners
The average rent nationally was put at €1,922 per month and at €2,427 per month in Dublin. Remember the old maxim about spending a third of your income on rent. These figures make a mockery of that notion. There were also just 2,200 homes available to rent on Daft’s website anywhere in the State on August 1st, unchanged from a year ago and half the 2015-2019 average of 4,400.He noted there were fewer than 1,350 homes on the market in the capital at the start of August. “Sixteen months of improving availability are over,” he said.
The deterioration in supply and affordability for renters is stark and unrelenting and represents perhaps the single biggest failure of Government.Irish passport applications running at near-record levelI never wanted to be seen as martyr or victim but I can’t stay silent on my suspension as a Catholic priestCoalition making progress on climate commitments but still has ‘a long way to go’