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Rent Increases in Dublin

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  • 10-05-2015 9:15am
    #1
    Tombo2001
    Registered Users Posts: 6,664 ✭✭✭


    Just interested in what peoples sense is of rent increases in Dublin over the past twelve months for a residential (2 bedroom house on northside).

    Many thanks.

    Rental index shows 4% increase in H2 last year but no data this year. Am just trying to get a sense of whether rents have continued rising this year or have stabilised.

    Ta.


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    #2
    handlemaster
    Registered Users Posts: 6,003 ✭✭✭handlemaster


    I havent seen much over the last while on boards regarding rent increases so id assume they have stabilised .


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    #3
    Michael D Not Higgins
    Registered Users Posts: 7,223 ✭✭✭Michael D Not Higgins


    handlemaster wrote: »
    I havent seen much over the last while on boards regarding rent increases so id assume they have stabilised .

    And yet, I heard that rental stock is at its lowest level since 2006, with Daft reporting an average increase of 8.2% on rents YOY.

    Now, their data is based on their own figures for rented property so doesn't take into consideration increases in sitting tenants but a restricted market means higher prices.


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    #4
    Supercell
    Registered Users Posts: 15,409 ✭✭✭✭Supercell


    Latest Daft report out today - Chronic supply shortages persist in the rental market

    Difficult time to be a renter.
    https://www.loughlinstown.ie/

    Have a weather station?, why not join the Ireland Weather Network - http://irelandweather.eu/



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    #5
    handlemaster
    Registered Users Posts: 6,003 ✭✭✭handlemaster


    http://www.irishtimes.com/news/social-affairs/rents-in-dublin-s-commuter-belt-up-14-since-last-year-1.2207252

    just out today


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    #6
    Tar.Aldarion
    Moderators, Science, Health & Environment Moderators, Social & Fun Moderators, Society & Culture Moderators Posts: 60,098 Mod ✭✭✭✭Tar.Aldarion


    Very annoying situation, horrible place to be renting.


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    #7
    handlemaster
    Registered Users Posts: 6,003 ✭✭✭handlemaster


    Tar.Aldarion wrote: »
    Very annoying situation, horrible place to be renting.

    ireland in general or dublin ?


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    #8
    Tar.Aldarion
    Moderators, Science, Health & Environment Moderators, Social & Fun Moderators, Society & Culture Moderators Posts: 60,098 Mod ✭✭✭✭Tar.Aldarion


    I can only speak for Dublin really as I haven't rented somewhere else for years.


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    #9
    handlemaster
    Registered Users Posts: 6,003 ✭✭✭handlemaster


    Tar.Aldarion wrote: »
    I can only speak for Dublin really as I haven't rented somewhere else for years.

    its the same everywhere in the world always issues


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    #10
    MrMorooka
    Registered Users Posts: 710 ✭✭✭MrMorooka


    I'm already doing as much as I can to ensure I get at least a small raise in work in time for next March in case my rent goes up- if I can get €100 more in my take home hopefully that will cover me.


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    #11
    Rowley Birkin QC
    Registered Users Posts: 6,238 ✭✭✭Rowley Birkin QC


    Our landlord has offered us a new lease at an 18.2% increase on last year. 2 bed (1 double, 1 single) apt. in D3.


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    #12
    handlemaster
    Registered Users Posts: 6,003 ✭✭✭handlemaster


    Rowley Birkin QC wrote: »
    Our landlord has offered us a new lease at an 18.2% increase on last year. 2 bed (1 double, 1 single) apt. in D3.

    Not bad :-)


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    #13
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,285 Mod ✭✭✭✭The_Conductor


    Rowley Birkin QC wrote: »
    Our landlord has offered us a new lease at an 18.2% increase on last year. 2 bed (1 double, 1 single) apt. in D3.

    Whats the area- and whats the increase in rent (from : to)?
    I can't really comment as to whether the proposal is reasonable, or not- as we have no baseline to work from..........


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    #14
    Rowley Birkin QC
    Registered Users Posts: 6,238 ✭✭✭Rowley Birkin QC


    Richmond Avenue. 1100 - - > 1300


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    #15
    handlemaster
    Registered Users Posts: 6,003 ✭✭✭handlemaster


    Rowley Birkin QC wrote: »
    Richmond Avenue. 1100 - - > 1300

    Whats open market rate now?


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    #16
    dudara
    Registered Users Posts: 33,518 ✭✭✭✭dudara


    Back in October, our landlord asked for a 20% increase. D6 area. We declined as it was a 1B and wanted to get a bigger place anyway.


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    #17
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,285 Mod ✭✭✭✭The_Conductor


    Rowley Birkin QC wrote: »
    Richmond Avenue. 1100 - - > 1300

    Looking at DAFT- 1100 would be low for the area- 1300 probably reasonably ballpark. I'd suggest taking the landlord's opening gambit and see if you can bargain him down. I'd be aiming for a midway point- however, I'd be cognisant of the simple fact- you're not going to get a comparable property in the area for the rent you're paying at the moment......... Rents have increased by this much- they appear to be falling now- but it could be a year before you notice major falls- given the lack of supply.


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    #18
    xxtippchickxx
    Registered Users Posts: 115 ✭✭xxtippchickxx


    shortage of properties everywhere i think nothing in our county at the moment only summer lettings for students and the rent has increased as well shortage of houses brings higher rent id say


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