From the 9th to the 16th of April 2008 there were 742 rent reductions. The average reduction was €115 per month or 7.9%. There were 99 rent increases over the same period, the average increase was €186 or 12%
The number of properties for rent in Ireland increased to 11,444 from 10,900 the previous week an increase of 5%.
53% of the properties for rent have been listed for 3 weeks or longer.
66% of all properties listed in the last 3 weeks have not been rented as of the 16th of April.
April 17, 2008 at 3:49 pm
Hi,
this is a suggestion for reports on both sales and rentals. Can you also catch and publish data on new entrants and whether the median prices of new entrants are above or below the existing median. Because if you only record price drop then new entrants might be coming in at higher prices so hypotetically the market could always be rising while we are still mostly drops
Kind regards
April 17, 2008 at 4:30 pm
I agree with Simon. Perhaps the standard deviation should also be added as it gives an indication of the standard deviation is.
April 17, 2008 at 5:11 pm
I agree with both posters that the price drops only give a partial sense of the market. It would also be very useful to get a sense of whether properties are coming onto the market at lower or higher values than the average price for that area for the last number of months. But I can see how difficult this would be to produce as you could need to compare like with like – e.g. 2 bed apt on the same street. There will always be a degree of inaccuracy anyway as the asking price will not definitely determine the selling price, in a buyers market people will tend to bid less than the asking price. Just as during the boom the successfully bids were often higher than the initial asking prices.
April 17, 2008 at 6:14 pm
Since the Bee became available I have been tracking rentals in Dublin 18. This is out of curiosity just to see if I could pick up a trend. The only trend that I can see is the number of unit’s for rent, in that area has remained pretty constant at about 260′ish from Feb 9′th
to present. I think that the non prime adds are being allowed to expire and then re entered at a later date with a new Id number which is not allowing the “Bee” to see the real situation.Tracking Void periods is certainly a good indicator. All I am saying is that this seems to be rather difficult to gather relevant stat’s from.
April 17, 2008 at 8:14 pm
Thanks for the suggestions re:median & standard deviation – appreciated.
April 18, 2008 at 1:13 am
[...] JCTraveler [...]
April 18, 2008 at 9:46 am
[img src="http://media.economist.com/images/20080405/CFN127.gif"]
April 18, 2008 at 5:17 pm
[...] unknown [...]
January 7, 2009 at 12:19 pm
Sherry Fitzgerald shop windows in Wexford are completely plastered with SALE AGREED adverts without any indication of when they were agreed or whether they ended in a sale.
There is no room for ‘active’ adverts. What about in other towns?