DAFT.ie have just released their Q4 report for 2015, and the results confirm what any tenant renting in Ireland already knows to be true...
There's less properties available than ever before, and prices just keep on rising.
Ronan Lyons, economist at Trinity College Dublin & author of The DAFT.ie Report, said that housing and rent has to come a top priority for the newly elected government.
As ever, the initial focus will have to be on rents and how they’ve changed. There, a clear message emerges over the last four years – the ‘urban premium’ has grown and grown sharply. While Dublin rent inflation has been lower than that in the rest of the country for much of the last year, this marks only a small blip in a longer-term trend over the last five years.
it is often said that banks won’t lend like they used to, or that Irish developers are either too bust or too greedy to build. But none of that explains why Dublin in particular is witnessing such a boom in commercial construction activity, especially new office space. Or why international developers, who work off relatively tight margins in many other countries, can’t make the numbers stack up in Ireland.