That dead rent money is coming back to life
The new Daft.ie rental index published today shows that the Irish property market is struggling under its own weight. Today’s figures are consistent with pretty much all other figures released about Ireland’s waning economy since the start of the year. Rental prices in Ireland are going down and they will continue to go down for the foreseeable future.
The reasons for this are obvious. People have less money to spend on rent; there are less people in the country, there is less money in the country and there are more and more properties coming onto the rental market. This is great for renters and in a way it is great for Ireland as the country tries to combat the serious cost of living which in turn affects the high cost of doing business in this country.
As thousands of students also finish for another summer it is likely that as they struggle to find summer work landlords too will struggle to find tenants.
