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 Post subject: Re: Rental Costs - Unreal!!
PostPosted: Fri Apr 27, 2018 1:42 pm 
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Of Systemic Importance

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Wow!

A single bed in a kitchen in Stoneybatter is being advertised for €800/month
https://www.independent.ie/irish-news/n ... 51308.html
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 Post subject: Re: Rental Costs - Unreal!!
PostPosted: Fri Apr 27, 2018 2:12 pm 
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Joined: Feb 27, 2007
Posts: 1837
beattie wrote:
FreeFallin wrote:
This has been getting some airtime on Liveline the past 2 days. It looks like student accomm was treated the same as hostel type accomm and so was exempted from the 4% rent cap...a loophole that seems to have got by everyone, except of course the lobbyists who had it inserted there in the first place.
And everyone thought all those student blocs being built in rapid time was because they could fit more in, needed no car parking spaces etc!

Good old Ireland...eat it's own for the benefit of the wealthy. And of course the local vultures i.e. the legal profession,lobbyists, EA's will get the crumbs from the table in setting this up

http://www.rte.ie/radio1/liveline/progr ... =102764178
Quote:
Shanowen student accommodation beside DCU has increased their rents by 25%


The rates they are charging seem to guarantee that many students will come out of college heavily in debt (unless bank of mum and dad cough up)....great to know there are loads of high paying jobs for them to pay off this debt....



Are we sure that it's only students in the student accommodation?


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 Post subject: Re: Rental Costs - Unreal!!
PostPosted: Tue May 01, 2018 4:23 am 
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Private Tenant

Joined: May 20, 2015
Posts: 43
Braighni wrote:
beattie wrote:
FreeFallin wrote:
This has been getting some airtime on Liveline the past 2 days. It looks like student accomm was treated the same as hostel type accomm and so was exempted from the 4% rent cap...a loophole that seems to have got by everyone, except of course the lobbyists who had it inserted there in the first place.
And everyone thought all those student blocs being built in rapid time was because they could fit more in, needed no car parking spaces etc!

Good old Ireland...eat it's own for the benefit of the wealthy. And of course the local vultures i.e. the legal profession,lobbyists, EA's will get the crumbs from the table in setting this up

http://www.rte.ie/radio1/liveline/progr ... =102764178
Quote:
Shanowen student accommodation beside DCU has increased their rents by 25%


The rates they are charging seem to guarantee that many students will come out of college heavily in debt (unless bank of mum and dad cough up)....great to know there are loads of high paying jobs for them to pay off this debt....







Are we sure that it's only students in the student accommodation?



Its new supply though isn’t it?

And it frees up cheaper stock elsewhere. At this stage, pretty much any news supply is a good thing.


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 Post subject: Re: Rental Costs - Unreal!!
PostPosted: Tue May 01, 2018 5:38 am 
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Median price of a Dublin 1-bed apartment rental on daft.ie just hit €1,600 for the first time. :(

viewtopic.php?p=931779#p931779

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 Post subject: Re: Rental Costs - Unreal!!
PostPosted: Tue May 01, 2018 8:12 am 
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ps200306 wrote:
Median price of a Dublin 1-bed apartment rental on daft.ie just hit €1,600 for the first time. :(

viewtopic.php?p=931779#p931779


It's funny how you don't see those poor-me-I-bought-a-one-bed-in-2007-for-€450k stories anymore.

At a rent of €2,000 you get a gross yield of nearly 5.5% and it will easily wash its face after charges, depreciation and tax.


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 Post subject: Re: Rental Costs - Unreal!!
PostPosted: Tue May 01, 2018 8:43 am 
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Joined: Oct 12, 2014
Posts: 616
Location: Dublin
Skippy 3 wrote:
ps200306 wrote:
Median price of a Dublin 1-bed apartment rental on daft.ie just hit €1,600 for the first time. :(

viewtopic.php?p=931779#p931779


It's funny how you don't see those poor-me-I-bought-a-one-bed-in-2007-for-€450k stories anymore.

At a rent of €2,000 you get a gross yield of nearly 5.5% and it will easily wash its face after charges, depreciation and tax.

Sadly, I think we'll see those stories again in 2024 for people who'll buy 1-beds for 450k in 2019...


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 Post subject: Re: Rental Costs - Unreal!!
PostPosted: Tue May 01, 2018 9:16 am 
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Rent controls have another 19 months to go - then all landlords can join the party.


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 Post subject: Re: Rental Costs - Unreal!!
PostPosted: Tue May 01, 2018 9:24 am 
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Joined: Mar 30, 2016
Posts: 650
Skippy 3 wrote:
ps200306 wrote:
Median price of a Dublin 1-bed apartment rental on daft.ie just hit €1,600 for the first time. :(

viewtopic.php?p=931779#p931779


It's funny how you don't see those poor-me-I-bought-a-one-bed-in-2007-for-€450k stories anymore.

At a rent of €2,000 you get a gross yield of nearly 5.5% and it will easily wash its face after charges, depreciation and tax.


really?

mortgage of 400k at say 2.5% - 1,600 per month plus mgt fee 1000 per annum thats 20k in costs before any maintenance, agents fees etc,

2k a month is 24k gross, if you are earning over 35k a year that apartment isnt close to washing its face.


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 Post subject: Re: Rental Costs - Unreal!!
PostPosted: Wed May 02, 2018 10:02 am 
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Woman evicted while collecting kids from school, court told

https://www.irishtimes.com/news/crime-a ... -1.3480373

Sounds like the landlord hasn't been declaring any of this rent to Revenue

Sounds like she ignored his requests to increase rent on numerous occasions, and he couldn't go to PRTB as not registered, so used force


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 Post subject: Re: Rental Costs - Unreal!!
PostPosted: Sun May 06, 2018 8:29 am 
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Too Big to Fail

Joined: Aug 8, 2008
Posts: 3506
Location: Cathair na dTreabh
Average rent nationwide during the first quarter 2018 was €1,261pm.
This is €232pm more than the highest level reached in 2008.

Dublin rents are now €1875pm
This is 30% higher than 2008.


Well done, well done.
http://www.thejournal.ie/daft-rental-re ... 4-May2018/


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 Post subject: Re: Rental Costs - Unreal!!
PostPosted: Wed Jun 20, 2018 3:27 pm 
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Joined: Aug 8, 2008
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Location: Cathair na dTreabh
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 Post subject: Re: Rental Costs - Unreal!!
PostPosted: Fri Jun 22, 2018 8:56 pm 
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After quick read, I feel better already.. Dublin is nuts!

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For future reference, a 'soft landing' theorem:
06/2007: Central Bank predicts soft landing for housing
http://www.independent.ie/business/iris ... 96858.html
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 Post subject: Re: Rental Costs - Unreal!!
PostPosted: Sat Jun 23, 2018 2:00 pm 
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Joined: Jun 13, 2008
Posts: 760
Crazy.


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 Post subject: Re: Rental Costs - Unreal!!
PostPosted: Sun Jun 24, 2018 1:19 pm 
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Posts: 3506
Location: Cathair na dTreabh
Student rent blocks appear to have been excluded from RTB, yet students are facing xx% yearly rent increases. A union is taking a test case.
“Following advice and counsel from public representatives, internal university colleagues and our own counsel we have filed a case through the RTB against Cúirt na Coiribe Galway.
The NUIG Students’ Union will represent a 2017/18 tenant who was a victim of the 18% rent increases. We hope that this will also send a strong message to other management companies of purpose built student accommodation across the country that students and their families will not stand by and allow for their education to be put at risk due to the ever increasing cost of accommodation imposed by these companies.”


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 Post subject: Re: Rental Costs - Unreal!!
PostPosted: Mon Jul 02, 2018 8:00 pm 
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Average monthly rental costs around the world. Nice chart: https://i.redd.it/0lji1j8bzh711.png

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