Without any change in conditions, rents this year are likely to be up and not down. Why? Because the rental sector still awaits the kind of policy changes that will generate tens of thousands of new rental homes.
With interest rates high, many would-be owner-movers will stay put to keep their low-interest rates for another couple of years yet. We should expect that 2024 will be another year of tight supply.
New data shows how Covid has taken a problem that had been concentrated in Ireland’s urban rental markets and exported it to the rest of the country. But it has also changed the sales market too – from where people are buying to what size of property they want.
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