The latest @daftmedia report is out. It shows market rents at record highs, with inflation also at close-to-record rates since 2005. It also shows availability at a stark new low: just 850 homes to rent nationally on 1 May, vs 2010s average of 9,000. 🧵

17 comments

1. Report shows that the 2% cap appears to be working, existing tenancies rents are increasing by less than 2% per annum. New rental asking prices being up at 11% being the headline grabber.

2. Number of homes available in Dublin down 80%(!!!!!!!!!) over last year, and evidently about 50% (I’m eyeballing) from pre-COVID levels.

3. That’s a brilliant read, thanks for posting… As depressing as it is.

4. Who’s using https://Daft.ie to find homes anymore? Isn’t https://www.cardboardboxes.ie the new Daft?

5. He’s a gobshite talking about market power and somehow rebalancing in favour of renters. The power will always rest with the developers/landlords until the govt prioritises non profit, affordabe and social housing.

6. Sad thing is there’s prob more people coming to Ireland for work each day, then there’s houses available country wide.

7. Interesting to see >92% occupancy rates in Dublin apartment buildings. Conflicts with the idea that they’re being left vacant en masse.

8. Really interesting Village article posted in one of the Twitter comments there. Unfortunately I can’t copy the link in here. It’s titled “Donkeys led by Lyons” and is about how a headline figure such as the headline posted here does a disservice to other data available about the rental market.

9. Obviously the problem is that we’re building too much co-living

10. A huge amount of homes for rent don’t end up daft any more. Most agents already know people looking for a place so they can get tenants without needing to look for them.

    Source: I rented one of these homes. That was 3 years ago, I’d imagine it’s even more prevalent now.

11. I’m getting a vision, it’s the future, I see a doorway in town, I see a dirty man on heroin, the man is me, I’m homeless.

12. Working as intended

13. Only 850 homes available to rent in the entire country, in a nation of 5 million that is absolutely mind blowing

14. It’s an absolute disgrace.

15. How anyone can read this and still not believe the answer is to just build as much as humanly possible is beyond me. Build anything. Houses, apartments, 1-beds, BTR, public housing, *anything*.

16. Why are there so few homes to rent ? Do we need to incentivise people more to rent their place out or something

17. Comparing with 2010 is kinda misleading, isn’t it? You couldn’t give away property back then.