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Again, for Dublin only. A quick search of all properties for rent in Dublin on the market leading website (daft.ie) comes up with 1,437 properties, and that's w
by trusche 10y ago
Again, for Dublin only. A quick search of all properties for rent in Dublin on the market leading website (daft.ie) comes up with 1,437 properties, and that's without any limitations to the search. A quick search on AirBnB for just the next weekend (in the middle of tourist season) finds "300+" listings. That's a very rough snapshot of course (e.g. there might be many double listings), but it hints at the potentially large portion of properties that could be off the long-term market thanks to AirBnB (and their competitors, for what it's worth).
- zanny 10y agoWhich is only a good thing, because it means the city as a whole is attracting rich tourists to spend tons of money rather than renters who spend less. And the best part is that if the tourism ever declines, the housing is still fine for renting again.
- forrestthewoods 10y agoDublin has a population of 530k/1.1M/1.8M for city/urban/metro. Having a thousand apartments off the market is irrelevant at that scale. It's is not a "large portion". Or even close.
- trusche 10y agoThat's a pretty broad statement that doesn't take into account any of the pecularities of the local property market. First of all, ownership is quite high. Secondly, it's about proportion of available rental properties, not absolute numbers or proportion of population. Thirdly, if there's already a severe shortage, even absolute numbers matter.