One in four Dublin residents is renting their home, more than at any other time since quarterly records were instituted. The number of people who are paying rent or mortgage on a monthly basis has risen by almost one million to 1.3m. Analysis of the Irish private rental market found that the number of renters has risen 4.6% in the past year, and 42% since Q2 2007. For Mr McCartney, the flow is due to “small-time ordinary people” buying with cash and looking for a better yield on their money than that offered by deposits. In 2000, just 10% of residents in the area were renting.
One in four Dublin residents is renting their home, more than at any other time since quarterly records were instituted. The number of people who are paying rent or mortgage on a monthly basis has risen by almost one million to 1.3m. Analysis of the Irish private rental market found that the number of renters has risen 4.6% in the past year, and 42% since Q2 2007. In 2000, just 10% of residents in the area were renting.