How has remote working affected rent prices in Ireland?

Because of the pandemic, so many people across Ireland have transitioned to remote work. While reopening is underway, it will still be some time before the majority of the workforce is back in their offices. During the pandemic, many people who lived and worked in major cities like Dublin found themselves returning to their home counties due to the opportunity to work from home. The Residential Tenancies Board (RTB) has found that a trend may be beginning with this movement of people away from urban centers due to covid-19.

Rents have increased across the State in the first three months of 2021 when compared to that same time period from last year. But perhaps as a reflection of people’s shift to remote work, rents have seen their sharpest increases outside of Dublin. During the first three months of the year, rents as a whole have seen a rise of 4.5 percent compared to the first quarter of last year. The nationwide average rent in euros for this quarter comes out to be €1,320, an increase of €33 when compared with …

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TodayFM: The last word on rent control/certainty

The cleansed expression ‘rent certainty’ is the same as ‘rent control’ irrespective of what anybody says to distance themselves from the two being the same.

There are different types (or generations) of rent control, but that doesn’t make rent certainty ‘not like’ any of them, what is often described as ‘rent certainty’ is in fact more commonly known as third generation rent control which in a nutshell is ‘price control mechanisms intralease’ or ‘within’ the lease.

This debate is an interesting one and we were very pleased to take part. This piece aired on the 28th of June 2016.

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Newstalk: Pat Kenny & Karl Deeter discuss ‘rent certainty’ and construction

Pat Kenny had Karl Deeter of Irish Mortgage Brokers on his show to discuss ‘rent certainty’ and some aspects of construction as well as why they are both concerns for the Irish housing market.

The issues are important for both sides, prices affect different sides of a contract differently and large swings can be damaging to one or the other of them. The answer in Karl’s view is longer leases which requires no legal changes, but this is not being discussed.

 

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Primetime RTE: features Irish Mortgage Brokers on ‘rent control’, 31st March 2015

Primetime did a large piece on the property market taking it from the angle of tenants and landlords. This was a very well balanced and well thought out show which gave the views of both sides fairly. Afterwards there was a studio debate about rent controls also referred to as ‘rent certainty’.

While it can be argued that ‘control’ and ‘certainty’ are two different things, they are ultimately closely related and can cause market distortions.

Labour Senator Aideen Hayden who is also the chairperson of Threshold was there as was Karl Deeter from Irish Mortgage Brokers, David McCullagh was the presenter.

Speaking time: Aideen Hayden – 5 minutes, Karl Deeter – 3 minutes.

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