One direct consequence here of the coronavirus crisis and subsequent global lockdown has been a flight of rental stock from the short-let market to longer lease use. Dublin areas where previously there had been rental stock shortages have registered big jumps in numbers, in particular in the city centre, while outside Dublin the larger cities have also shown increases.
Last week property website and specialist in rental properties, Daft.ie, reported an 83 per cent jump in one- and two-bed apartments in Dublin 1, 2, 7 and 8 compared with the first 24 days in March 2019 pushing the number of units available to rent in these areas to a five year high.
This spike has been noted within Sherry FitzGerald’s lettings department where they have seen a 68 per cent jump in stock levels listed as available for monthly rent in the two-week period from March 5th to March
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