Words: Eva O’Beirne
The supply of housing to rent in Ireland has hit a new low.
The website, Inside AirBnB Ireland has revealed that there are over 15,000 entire homes available on AirBnb while only 851 homes are available to rent on Daft.ie as of this month – the lowest number since 2006.
There are 25,515 AirBnB listings in Ireland, 60 per cent of which are entire homes or apartments.
Out of the 15,511 homes listed on AirBnB, nearly 6,000 are part of a “multi-listing”, meaning multiple properties owned by the same person.
AirBnB has increasingly come under fire as the housing crisis continues to squeeze as much rent as possible out of tenants for substandard or cramped housing. According to Daft.ie, the average monthly rent nationally stood at 1,567 euro in the first quarter of this year, up 11.7 per cent since 2021.
This was more than 50 per cent higher than the Celtic Tiger peak of 1,030 euro per month, seen in the first quarter of 2008.
“Things have never been so grim” for prospective tenants,” Daft economist Ronan Lyons said on the report’s findings.
“As ever, in a rental market dogged by chronic and worsening shortage of homes, the only real solution is to increase the number of homes,” Lyons continued.
“With more pressure from certain quarters to stop new rental homes being built, policymakers must hold their nerve.”
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