DAFT RENT DROPS ON DAY OF REPORT
Nov 27th, 2007 by Conor McCabe
On the day when Daft.ie released its rental report, a staggering €3,000 was knocked off the monthly rental price of a house in Glenageary. The property, on Adelaide Road, was listed last week (20 November) with an asking price of €15,000 a month.
Today, 27 November 2007, at approximately 11.33am, the property was re-listed with an asking price of €12,000 a month.
According the the Irish Times today (sub required):
The cost of renting has risen by 6.6 per cent in the last 12 months, according to a survey published today. The Daft.ie report says that as property prices fall and rents rise, it is now more attractive to buy a house than to rent in certain areas.
I hope for the sake of the poor owners that they get to read the Daft.ie report, because their inability to rent at a higher price flies in the face of the report.
In fairness to Daft.ie, though, they do make it clear at the end of the report that:
The Daft.ie Report is prepared from information that we believe is collated with care, but we do not make any statement as to its accuracy or completeness. We reserve the right to vary our methodology and to edit or discontinue the indices, snapshots or analysis at any time for regulatory or other reasons. Persons seeking to place reliance on any information contained in this report for their own or third party commercial purposes do so at their own risk.
Anyway, as the Irish Times, the owners of the €50 million property website that bans bloggers, will inform you, now is a good time to buy! So, Buy! Bye! Bye!
It is a pretty sweet gaff, though. I don’t know why I’m saying this, but it strikes me like the ideal sort of place for hiding out from the guards after killing a tramp in the city centre. Still a bit pricy at €12K a month, though. It’ll be going for €10.5K next month, I reckon.
Interesting to see what appears to be an add for a sub-prime mortgage on the first image.
Hi FPL, you’re right about the ad. It was for a sub-prime mortgage. I was trying to get a good snapshot of it but it didn’t work out that way. It was a flash ad.
Approximate number of reliable conclusions that can be drawn from a single outlying data point: 0.
You really should brush up on your grammar, Pavement. I said, daft rent, not daft rents. I’m only talking about one case.
And 12,000 (or 15,000) a month IS a daft rent.
As for daft rents, check out here.
http://www.thepropertypin.com/
When I look back at these kind of rents I really cringe, EUR 15,000 a month is absolutely a rip off. Greed like this explains why Ireland is such a mess today … people got greedy, overcharged and blew their profits. It’s really disgusting!