How much do you need to earn on a year to afford €120k/year rent for a house?
It’s 172 sq.m too, so it’s no mansion
Whats that radiator looking thing in the garden?
I wonder is this geared towards corporate lets? Still fucking crazy money, but I’m sure there are some companies that would shell out for it if they had someone high up coming over for a few months.
Could it be a money laundering thing? Probably not if they are advertising it. Can’t think of any reason why they’d quite such a high rent for such a run if the mill place. Obviously nicer than the average house rental but not 10k nice.
I imagine it is the correct rent. Those houses sell for about €1.8m. If the rent is €120,000 per annum, it is a yield of about 6.5%. Luxury apartments and houses in Dublin have a yield of about that.
In an ideal world, the rent would be lower initially to fill it asap. However, due to rent control, the first lettings will set all future rents. So you are better having it sitting there empty for months and eventually get a high rent. FYI this is not my opinion, but the reality of our current rent controls and why so many luxury apartments are empty in Dublin.
I imagine this will be a corporate letting where a company foots the bill.
When’s the rest of the kitchen getting installed?
It’s a luxury 4br terrace in a very posh area; that’s just what that sort of place rents for these days. €10k might be pushing it a bit, but there are a few other comparable places going for €9k and change.
We should be getting paid not to rent there.
It’s geared at multinationals firms who have a ton of money and rotate people through it as they come to Ireland.
11 comments
How much do you need to earn on a year to afford €120k/year rent for a house?
It’s 172 sq.m too, so it’s no mansion
Whats that radiator looking thing in the garden?
I wonder is this geared towards corporate lets? Still fucking crazy money, but I’m sure there are some companies that would shell out for it if they had someone high up coming over for a few months.
Could it be a money laundering thing? Probably not if they are advertising it. Can’t think of any reason why they’d quite such a high rent for such a run if the mill place. Obviously nicer than the average house rental but not 10k nice.
I imagine it is the correct rent. Those houses sell for about €1.8m. If the rent is €120,000 per annum, it is a yield of about 6.5%. Luxury apartments and houses in Dublin have a yield of about that.
In an ideal world, the rent would be lower initially to fill it asap. However, due to rent control, the first lettings will set all future rents. So you are better having it sitting there empty for months and eventually get a high rent. FYI this is not my opinion, but the reality of our current rent controls and why so many luxury apartments are empty in Dublin.
I imagine this will be a corporate letting where a company foots the bill.
When’s the rest of the kitchen getting installed?
It’s a luxury 4br terrace in a very posh area; that’s just what that sort of place rents for these days. €10k might be pushing it a bit, but there are a few other comparable places going for €9k and change.
We should be getting paid not to rent there.
It’s geared at multinationals firms who have a ton of money and rotate people through it as they come to Ireland.
Imagine buying that for 2 million wtf
Great country in fairness