Residential rents now above peak levels

Standard

Residential rents rose to their highest ever level, surpassing the previous 2008 peak for the first time according to data published by the CSO last week.

The data shows that rents nationally are now 35% higher than the 2011 trough, while house prices are up 32% since their trough in early 2013.

According to Goodbody Stockbrokers, “This has led to remarkable stability in residential yields on a national basis. We estimate that the residential yield now stands at 5.5% and has been close to this level for almost four years. Yields got as low as 3% in the mid-2000s.

“At this level, the yield available on residential property is still attractive. The problem, though, is the threat of political interference in the rental sector, with speculation that some form of rent control (“rent certainty”) will be announced soon, possibly in the budget.”

The post Residential rents now above peak levels appeared first on MyHome.ie Advice & Blog.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s