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Rent survey

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    #2
    johnnykilo
    Registered Users Posts: 1,176 ✭✭✭johnnykilo


    I wonder are they including Riverwalk in those calculations? Might explain why it's coming out as the cheapest in the country.


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    #3
    Dum_Dum
    Closed Accounts Posts: 587 ✭✭✭Dum_Dum


    Rent is usually a function of the strength of the local labour market - so in that respect it reflects the dire job situation.


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    #4
    kuang1
    Registered Users Posts: 3,443 ✭✭✭kuang1


    Dum_Dum wrote: »
    Rent is usually a function of the strength of the local labour market - so in that respect it reflects the dire job situation.

    Also (and very obviously) a direct representation of current property values.


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    #5
    MentalMario
    Registered Users Posts: 528 ✭✭✭MentalMario


    Those have to be summer prices in Riverwalk.

    Bull**** survey.


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    #6
    barneystinson
    Registered Users Posts: 4,683 ✭✭✭barneystinson


    MentalMario wrote: »
    Those have to be summer prices in Riverwalk.

    Bull**** survey.

    Would the prices in other towns with 3rd level institutions not also include summer prices for that part of the overall market...


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    #7
    thomasm
    Registered Users Posts: 1,503 ✭✭✭thomasm


    There are a block of 25 apartments at Castle Place, Railway square for auction at moment with reserve of €875-975k. Rental yield is 130k. All 2 beds. If they sold for top of reserve they would be worth 39k each.

    At 130k rent each is generating €5,200 per annum or circa €435pm for a 2 bed. That's what the market is currently looking for so that survey figure is at odds with that.


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