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Available rentals have doubled

  • 18-11-2023 10:17am
    #1
    Registered Users, Registered Users 2 Posts: 62 ✭✭Cristianc


    I made screenshots last year in late November of the daft app and I've now realized the rentals available in Dublin City are now almost double in number - double rooms with ensuite, rooms and entire houses - 90% more now.

    On the other hand, number of properties for sale has decreased by around 30% since last year.

    Any opinion on this?



«13

Comments

  • Registered Users, Registered Users 2 Posts: 1,426 ✭✭✭herbalplants


    I have noticed this too, that there is less desperation from people to just rent any old room. There are lots of adds in good areas at an acceptable price who don't seem to find tenants. Just my observation without any fancy graphs.

    Remember the shills only get paid when you react to them.



  • Registered Users, Registered Users 2 Posts: 638 ✭✭✭J_1980


    Total number of rooms in Dublin is 1100, full rentals around 1000.

    don’t think this doubled, but definitely up vs 3/6m ago



  • Registered Users, Registered Users 2 Posts: 10,457 ✭✭✭✭LambshankRedemption




  • Registered Users, Registered Users 2 Posts: 5,535 ✭✭✭Padre_Pio


    Great news but still miniscule with regards to the numbers needed for a functional rental sector.



  • Registered Users, Registered Users 2 Posts: 10,457 ✭✭✭✭LambshankRedemption


    Another poster said there are 1000 properties available in Dublin. If accurate, thats less than 1% of the population of Dublin. Miniscule indeed.



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  • Registered Users, Registered Users 2 Posts: 1,426 ✭✭✭herbalplants


    You forget there is lots of Facebook groups for example who are only for rentals. Not all rentals are on daft.

    Remember the shills only get paid when you react to them.



  • Registered Users, Registered Users 2 Posts: 638 ✭✭✭J_1980


    I’m following some of these. The quantity is tiny vs. Daft. Also some are obvious scams.

    Also prices are up a lot. Double rooms in D2, there’s only 2 options below 1000pcm, some places are insane 1500+ to share



    demand sub 1000 is still huge



  • Registered Users, Registered Users 2 Posts: 62 ✭✭Cristianc


    I had 421 properties for rent in Dublin City in the daft screenshot last November. There are 916 now on the daft app. So definitely a change.





  • I’d say FB “rentals” hVe no interaction with Revenue until the latter might approach the “landlord”



  • Registered Users, Registered Users 2 Posts: 4,091 ✭✭✭RichardAnd


    I doubt that it will bring much relief. If another 100k people arrive here in 2024, an extra few hundred places won't make much of an impact.



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  • Registered Users, Registered Users 2 Posts: 3,100 ✭✭✭Browney7


    Isn't it not the case that it is number of ads and not number of properties available? Looks like many ads for the developments owned by funds have multiple properties under the one ad so likely a bit more available. Still not enough at more affordable levels but plenty availability if you're willing to get rinsed



  • Registered Users, Registered Users 2 Posts: 4,091 ✭✭✭RichardAnd


    Good point. We should perhaps not assume that it's one advertisement per rental. Speaking to people who are looking to rent, there is simply is nothing to be had without either extreme luck or a contact.



  • Registered Users, Registered Users 2 Posts: 10,457 ✭✭✭✭LambshankRedemption


    I had a brazillian cleaner who told me she shared her apartment with 7 other people. You don't see those ads on Daft either. Or at least I havn't.



  • Registered Users, Registered Users 2 Posts: 3,472 ✭✭✭NSAman


    More properties available but the price? Jaysus New York is cheaper!



  • Registered Users, Registered Users 2 Posts: 638 ✭✭✭J_1980


    That’s what I noticed too.

    bedrooms in clondalkin 900, D2 has no double room under 1000 anymore etc



  • Registered Users, Registered Users 2 Posts: 8,286 ✭✭✭SuperBowserWorld


    How does revenue track people who work from home, but no longer live in Ireland ? Maybe this is where extra rentals are coming from ?



  • Registered Users, Registered Users 2 Posts: 4,091 ✭✭✭RichardAnd


    Yes. I think many of the slum kings are operating under the radar. I know a Romanian lady who lives in a house in Terenure, and one of the "studio apartments" in the house is home to five people. I doubt that that's all registered and official.



  • Registered Users, Registered Users 2 Posts: 29,379 ✭✭✭✭zell12


    Piece on Newstalk recently. Eight people in a two bed flat, plus a e300 rent tent in the back garden. Nine people had to share a tiny kitchen and bathroom



  • Registered Users, Registered Users 2 Posts: 4,091 ✭✭✭RichardAnd


    Only 300? That's a steal.

    I'm going to say something unpopular here, but this is the very human cost of having your house cleaned for 15 euro an hour, your pizza delivered from a take-away down the road or whatever other "menial" job the modern man or woman doesn't want to do for themselves. The state and those who can afford to indulge in the dopamine hit can harp about diversity all day, but this is all it's ever been about: cheap labour, high rents and more GDP growth.



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  • Registered Users, Registered Users 2 Posts: 4,091 ✭✭✭RichardAnd


    Happy to have it because the alternative is the street.



  • Registered Users, Registered Users 2 Posts: 8,286 ✭✭✭SuperBowserWorld



    You are right.

    People only care about diversity when it's delivering them pizza and cleaning their house.

    So long as they are not competing with them.

    Well, that's one good thing about the Internet, AI, YouTube ...The poor can compete now. The playing field has been levelled.

    Except for certain protected careers who would cry if any kind of technology threatened their monopoly.



  • Registered Users, Registered Users 2 Posts: 1,118 ✭✭✭Emblematic


    Posted this a while ago, there's a general upward trend in private rentals (third group of bars from the left) from 2011 to 2022 (current year not available but trend is probably still upwards).



  • Registered Users, Registered Users 2 Posts: 4,091 ✭✭✭RichardAnd


    Telescopic altruism and a quick buck on the side...not bad eh?



  • Registered Users, Registered Users 2 Posts: 9 Spitty_Carragher


    I have a lease for a house and have needed to advertise a room many times over the years. The most responses/interest I got was 2 years ago but it was also a time where students would have been looking for accom so probably not a true reflection.

    I also had a room to rent out a few weeks ago. There was still plenty of interest, though it wasn't as crazy as before. I had the ad up for about a week and I had 545 views and 39 enquiries through Daft. That obviously doesn't include the enquiries through text/whatsapp.

    I don't want to sound anti immigrant but most of the interest was from foreigners. I would say 80% were foreign.

    Ireland really is a utopia for a lot of Europe. There was one guy from Spain who came to Ireland to work in a landscaping company. I can't imagine he'd be making big money but must be worth it to come to ireland to put up with the housing situation.

    One thing I would say is there was less desperation from those who came to view in the last year, though most of these were women who may not have liked the room as it isn't the nicest or may not have liked me/housemates. This time last year was a bad time as people seemed to put off finding somewhere coming up to Christmas. I had the ad up a couple weeks and found no one suitable but still offered it to two seperate women who turned it down. Not surprising as I didn't really see them fitting in anyways. Another example from the time a few weeks ago was I asked the woman when she could move in and she said she'd have to give notice to her landlord and she's not in a hurry to move...though again she's a woman and wouldn't have picked her anyways.



  • Registered Users, Registered Users 2 Posts: 9 Spitty_Carragher


    Prices are still high.

    I was browsing fb today and saw a post from someone advertising a room. I checked their other posts in the group.

    • Person posted looking for a room in January 2022 saying they're max budget is 650
    • They then posted a month or two later saying a room is available for 832 + bills
    • Same price for same room advertised a few months later in July, 832 + bills
    • 12 months later (July 2023) they advertise the same room for 882 + bills. That's an increase of 6% in a year.
    • Today, same room advertised for 982 + bills. That's an increase of over 11% in less than 5 months or 18% in less than 17 months.

    So this Spanish person clearly is shafting people. Nothing to do with "landlords" who are often demonised.




  • Registered Users, Registered Users 2 Posts: 4,091 ✭✭✭RichardAnd


    "I don't want to sound anti immigrant but most of the interest was from foreigners. I would say 80% were foreign."

    Don't apologise for pointing out (one of) the elephants in the room.



  • Registered Users, Registered Users 2 Posts: 14,670 ✭✭✭✭ednwireland


    the reason not to use daft is they tripled their charges recently.

    Post edited by Boards.ie: Paul on

    My weather

    https://www.ecowitt.net/home/share?authorize=96CT1F



  • Registered Users, Registered Users 2 Posts: 3,027 ✭✭✭Dr Turk Turkelton


    Would it not be very human cost of having a lax immigration policy?

    Anyone (non EU) that wants to can come here to "study English" and do these jobs.

    In other countries like Canada and Australia people need qualifications to come in and this makes their countries better places.

    They get all the engineers and doctors and we end up with the workshy and pizza delivery guys.



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  • Registered Users, Registered Users 2 Posts: 15,134 ✭✭✭✭Thelonious Monk


    the biggest influx of immigrants were Indians in 2022. i was involved in hiring someone for a technical role recently and the only people fitting the criteria were Indians living here so we hired an Indian. Massive amounts of them employed in the tech industry. The jobs are there for them so they're hired.

    Also you'll see so many shops and garages etc. are staffed by Indians now. Irish people wont do these jobs, especially in Dublin, not long term anyway. So I assume managers are getting these people work permits on the basis they work for X amount of time for them, because without staff they can't operate.

    Australia has a learn English and work visa option too, but I think it's only for 6 months.

    I will need to rent my place out soon as moving into me moths, fun times ahead.



  • Registered Users, Registered Users 2 Posts: 3,027 ✭✭✭Dr Turk Turkelton


    The Indian people are buying houses though and are educated and working legally here.

    The ones in garages are mostly studying proper courses also.

    My post was about the Brazilians that were living with 8 people in 2 bedroom flats referenced above and cleaning houses and delivering take aways.



  • Registered Users, Registered Users 2 Posts: 15,134 ✭✭✭✭Thelonious Monk


    sure I did that in Australia and USA as did loads of Irish people. Shared a room with 3 others and worked **** jobs. I doubt the Brazilians doing it are here forever, it's just a rite of passage to do this kind of thing abroad for many people. We should be grateful to them, many work as carers too.



  • Registered Users, Registered Users 2 Posts: 6,737 ✭✭✭Tombo2001


    Yes and no - if an average rental is advertised for 6 weeks, then this equates to 8000 lettings per annum. Average letting has three people living in it, this equates to 24'000 people moving into a new let each year.



  • Moderators, Education Moderators, Technology & Internet Moderators Posts: 35,163 Mod ✭✭✭✭AlmightyCushion


    Some will be here long term. They will study English for a year or two, then do a college course. When they finish the degree they will get a work visa and be able to work in the field related to their course. Others do it for a year or two just to travel around Europe.



  • Registered Users, Registered Users 2 Posts: 72,206 ✭✭✭✭L1011


    Don't try and drag another thread to your pet subject. You are noticed by moderators when you try to do this.

    This is a moderation instruction - do not reply to this post.



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  • Registered Users, Registered Users 2 Posts: 10,457 ✭✭✭✭LambshankRedemption




  • Registered Users, Registered Users 2 Posts: 1,316 ✭✭✭meijin


    yes, and many already have a college degree (from their country)



  • Registered Users, Registered Users 2 Posts: 8,870 ✭✭✭Ray Palmer


    except you can do exactly the same in Canada when studying English there. Your visa here is also not immigration as the are temporary student visas. We as country do also give visas to engineers and hire a lot of them here. There is a very large Indian population living and working in very well paid jobs here. So besides your ignorance of the basic facts you are saying people are coming here to not work at a huge cost to themselves for what reason?


    I know a lot of Irish born and raised who are just a drain on society and have never worked an honest days work in their lives and our raising children to be the same. Rather have somebody come here and contribute to our economy



  • Registered Users, Registered Users 2 Posts: 2,925 ✭✭✭orangerhyme


    The housing crisis is at a turning point.

    Read these two reports.

    https://ww1.daft.ie/report/ronan-lyons-2023q3-daftrentalprice?d_rd=1&d_rd=1&fr=touch



  • Registered Users, Registered Users 2 Posts: 1,426 ✭✭✭herbalplants


    I think we will start noticing more rentals available. The desperation for any old crappy room is gone!

    Just what I noticed.

    Remember the shills only get paid when you react to them.



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  • Registered Users, Registered Users 2 Posts: 2,925 ✭✭✭orangerhyme


    Over 18,000 residential units have been under construction in Dublin since Q4 2021.

    Over 80% are apartments which take approximately 2 years to complete.

    I know these are still too expensive, but at least it's progress.



  • Registered Users, Registered Users 2 Posts: 1,128 ✭✭✭hamburgham


    Yes. Genuinely wealthy countries like the Scandinavians, Austria, Switzerland, Germany, maybe even France and the Netherlands aren’t crawling with nail salons, pizza joints, deliveroo drivers and other low value jobs. These jobs create no value or wealth, the workers don’t earn enough to actually pay any tax but they all generate a huge cost by increasing pressure on accommodation, transport and health services.



  • Registered Users, Registered Users 2 Posts: 1,426 ✭✭✭herbalplants


    Interesting enough rent in Switzerland is cheaper than Ireland yet wages are so much higher.

    Remember the shills only get paid when you react to them.



  • Registered Users, Registered Users 2 Posts: 9 Spitty_Carragher


    I've been hearing the same thing for at least 6 years.

    I remember reading forums 6 years ago comments like "I work in construction and at the end of this year there's going to be a raft of apartment completions coming to market."



  • Registered Users, Registered Users 2 Posts: 72,206 ✭✭✭✭L1011


    Have... have you been to the Netherlands or Germany?

    I've not been to the others recently enough to say with confidence but they weren't dissimilar either when I was.

    All those services exist there *because people use them*



  • Registered Users, Registered Users 2 Posts: 2,925 ✭✭✭orangerhyme




  • Registered Users, Registered Users 2 Posts: 4,924 ✭✭✭BlueSkyDreams


    I am not seeing any price reduction in rent prices in South Dublin/DLR. The exact opposire in fact, despite more properties coming onstream.



  • Registered Users, Registered Users 2 Posts: 2,925 ✭✭✭orangerhyme


    Equilibrium might be the best we can hope for.

    It's hard to predict. But there's a good pipeline of supply for 2 years at least.



  • Registered Users, Registered Users 2 Posts: 4,924 ✭✭✭BlueSkyDreams


    Yes, there are more apartments being delivered. And plenty in the pipeline.

    The govts tactic of renting new developments for 100% social housing isnt helping as it props up prices for everyone on average salaries and above, effectivley removing those new properties from the market.


    Private Renter on average salary: Oh great, 50 new apartments in Donnybrook built by private developer. I might be able to rent one and its close to work

    DCC: Nope. All the luxury apartments near the city centre and work hubs have gone to social housing. But the investment fund still owns them, we are just renting them for 20 yrs.

    So you might get your chance to rent them in 20 yrs.



  • Registered Users, Registered Users 2 Posts: 2,925 ✭✭✭orangerhyme


    Read the Ronan Lyons report.

    I think high end modern apartments will begin to drop prices next year.

    Normal shite will stay thr same but there'll be more supply.



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