bit.ly/c9600B. Now let agreed. Not a stellar drop I’ll admit, but really gives the lie to this ‘rents are increasing again’ guff that’s been cropping up in the media thanks to a 1% asking gain on a 19% drop over last year.
Exactly, yield bedamned! Why rent when you can be a homeowner!
The sales side of things seems to come in fits and starts - not long ago, there were a slew of apartments for sale (no linkies though, sorry!), the ‘reasonable’ ones asking between 295 and 350 (!). They’ve dried up, coinciding with an increase of apartments for rent, funnily enough.
Rentwise, just over two years ago these gaffs were asking 1350+ monthly - which given a 1000 asking means a 25% reduction minimum since then, which sounds pretty much textbook for south Dublin city. Negotiate another 50 off and you’re looking at a 30% price drop since peak.