Rental market reports and statistics.

[Duplex]

CSO reports falling rents in September of - 0.2% in their latest detailed inflation report.

04 Housing,Water, Electricity, Gas and Other Fuels
This group covers the former categories of Housing (excluding insurance)
and Fuel & Light combined into one overall category. In Ireland, the sub-category “water supply, refuse & miscellaneous services” includes waste collection charges (both public and private) and chimney sweep costs at this time. Housing, Water, Electricity, Gas & Other Fuels costs increased by 0.3% in the month and by 18.8% in the year to September 2007. This compares with an increase of 18.6% in the year to September 2006.
In September, increases were recorded for mortgage interest (+0.7%), services for maintenance & repair of dwelling (+0.7%) and solid fuels (+0.1%). A price decrease was recorded for rents of (-0.2%)

cso.ie/releasespublications/documents/prices/current/pic.pdf

[Howitzer]

You gotta wonder if that’ll get reported. This to me is the definitive statistic.

The rents are rising line was the last thing keeping even amateur investors interested. The fact that they were only rising because the pros had left the market and were in the process of selling up and evicting their tenants causing a temporary squeeze in the market was easily ignored by those who wanted to.

That’s it. It’s all over.

[Mark]

This may have already been discussed, but it is interesting the way rental listings on Daft have started to skyrocket in the past month or so, just as For Sales listings are plateauing. It really is a massive change from the pattern last year where rental listings were collapsing at this time.