Vacant homes – CSO Ireland

6 comments

1. Some possibilities:

   1. Tenant has just moved out, landlord has the house advertised.

   2. Tenant has moved out, landlord is doing work to get it ready for the next tenants.

   3. Tenant has moved out, landlord is thinking about selling but hasn’t decided yet.

   4. Tenant has moved out, due to being in an RPZ the landlord has to substantially refurbish it in order to get market rent.

   5. Tenant has moved out, and due to being in an RPZ the landlord has to leave it empty for IIRC 2 years in order to bring it up to market rent.

   6. It is just finished or has just been bought, landlord intends to put it on the market soon.

   7. Landlord doesn’t advertise on Daft.

   Remember, the list of houses advertised for rent is a flow that entirely changes hour-to-hour and day-to-day, whereas the number of vacants is a stock.

2. My landlady doesn’t put her places on Daft, she just relies on word of mouth. She says Daft is a shitshow.

   Don’t know how many other landlords do that, but it might count towards some of the discrepancy.

3. A point not taken account of on the daft numbers for Dublin are the new build to rent developments. There are usually 100+ units available here but will be represented by a single ad.

4. I don’t understand the numbers but you might only have a daft add for a few days. A good landlord might need a month to get a place done up before a new tenant. An actual renovation might take months.

5. Simple.
   Landlords lied on the form. They know a vacant tax is incoming so dont want any paper trail saying they declared it vacant.

   There is no way in between rentals or getting refurbished and so on adds up to 35,000.

6. I’m not sure why people think this Daft report gives the full picture when it comes to the rental situation. There are agencies that landlords use to find tenants. Others do it via word of mouth.

   Another problem with that Daft report is it only reports on vacant properties and asking prices. Not actual agreed rent.

   I’m not naive enough to think everything is rosy in the rental market, but it isn’t as messed up as the daft report would have you believe (less than 1k properties available to rent).