Rental prices in Dublin have increased by 5% since this time last year, according to a recent rental report by property website Daft.ie. This is in line with the average rise of 2.7% across Ireland.
The gap between the cost of renting in urban and rural locations is increasing. Supply in Dublin City Centre is less than half of the monthly demand. This figure is decreasing, as typically more properties are rented out than become available on the market each month. On the other hand, supply outside of the city is typically greater than the demand, and this has resulted in decreased rental prices.
Increased rental prices are an excellent opportunity for property investors trying to maximise returns on their investment. Gross yields often appear very attractive, but bad debt, bills, maintenance and insurance can eat away at the net figures.
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