Daft Rental Report Q4 2008 - Presentation

8/14/2019 Daft Rental Report Q4 2008 - Presentation

1/13

Daft.ie Rental Report 2008 in Review

February 2009February 2009

Contact:Contact: Ronan Lyons, Economist, Daft.ieRonan Lyons, Economist, [email protected]@daft.ie
mailto:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]


2/13


3/13

Feb 21, 2009Ireland's Biggest Property Website

Jan

88.5

70

75

80

85

90

95

100

105

'02 A J O '03 A J O '04 A J O '05 A J O '06 A J O '07 A J O '08 A J O '09

2007=

100

Daft.ie national rent index

2002 2003 2004 200 2006 200 200 2009

National trends in rents, 2002-2009National trends in rents, 2002-2009


4/13


Quarterly changes in rents nationwideQuarterly changes in rents nationwide

-8%

-6%

-4%

-2%

0%

2%

4%

6%

2006q1

2006q2

2006q3

2006q4

2007q1

2007q2

2007q3

2007q4

2008q1

2008q2

2008q3

2008q4

Quarterly change

in national rents

2006 200 200


5/13


80

85

90

95

100

105

'06 F M A M J J A S O N D '07 F M A M J J A S O N D '08 F M A M J J A S O N D '09

2007=

100

DublinOther citiesRest-of-country

Trends in rents by region, 2006-2009Trends in rents by region, 2006-2009

2006 200 200


6/13


Quarterly changes in asking prices, by regionQuarterly changes in asking prices, by region

-8%

-6%

-4%

-2%

0%

2%

4%

6%

2006q1

2006q2

2006q3

2006q4

2007q1

2007q2

2007q3

2007q4

2008q1

2008q2

2008q3

2008q4

Dublin Other Cities Rest of country

2006 200 200


7/13


Rental stock and flow headlines

Stoc of roerties aailable to rent tos 20,000Stoc of roerties aailable to rent tos 20,000 About four times te tyical leel of ,000-6,000About four times te tyical leel of ,000-6,000

Volume of roerties traded as more tan doubled sinceVolume of roerties traded as more tan doubled since

200200 Ga beteen roerties enterin maret and tose exitinGa beteen roerties enterin maret and tose exitin

maret ersistent and, in Q4 200, laremaret ersistent and, in Q4 200, lare


8/13


Rental market stock, inflow and outflowRental market stock, inflow and outflow

0

5000

10000

15000

20000

25000

2007 Apr Jul Oct 2008 Apr Jul Oct 2009

Stock Inflow Outflow*

* Outflow calculated as residual difference between* Outflow calculated as residual difference between

inflow and change in stockinflow and change in stock


9/13


Stock of Rental Properties, by regionStock of Rental Properties, by region

0

1000

2000

3000

4000

5000

6000

7000

8000

2007 Apr Jul Oct 2008 Apr Jul Oct 2009

Dublin Leinster Munster Conn-Ulst


10/13


Irish property market yields headlines

Oerall national aerae yield remains lo, at 3.4%Oerall national aerae yield remains lo, at 3.4% is is aboe te same fiure for a year reious (3.%)is is aboe te same fiure for a year reious (3.%)

Due to ECB action, yields ill soon be bac aboe te costDue to ECB action, yields ill soon be bac aboe te cost

of borroin but are unliely to rise in 2009of borroin but are unliely to rise in 2009

Exected yields are ier in urban areasExected yields are ier in urban areas

Hiest yields are in Dublin City Centre (4.4%), WestHiest yields are in Dublin City Centre (4.4%), West

Dublin (4.3%) and Sout Dublin city (4.2%)Dublin (4.3%) and Sout Dublin city (4.2%)

Loest yields are in West Leinster and Connact/Ulster Loest yields are in West Leinster and Connact/Ulster

includin Galay city (3.2%)includin Galay city (3.2%)


11/13


Expected Yields around the countryExpected Yields around the country

2.0%

2.5%

3.0%

3.5%

4.0%

4.5%

5.0%

5.5%

2006q1

2006q2

2006q3

2006q4

2007q1

2007q2

2007q3

2007q4

2008q1

2008q2

2008q3

2008q4

Dublin Other Cities

Rest-of-country ECB +1%


12/13

Notes on methodology and sample size

Analysis of roerties listed for rent, beteen one andAnalysis of roerties listed for rent, beteen one andfie bedrooms, on daft.iefie bedrooms, on daft.ie

Q4 200 samle: ,6Q4 200 samle: ,6 200 total samle: 96,200 total samle: 96,

Rents are calculated based on edonic rice reressions,Rents are calculated based on edonic rice reressions,

across te folloin dimensions:across te folloin dimensions: 6 reional marets (6 Dublin, 4 oter cities, 4 ROC),6 reional marets (6 Dublin, 4 oter cities, 4 ROC),

interacted eac it 4 roerty tyes, bedroom numbers,interacted eac it 4 roerty tyes, bedroom numbers,

bedroom-batroom combinations bedroom-batroom combinations

bedroom tye ariables (sinle, double and tin) bedroom tye ariables (sinle, double and tin)

0 furter roerty attributes (e.. arden, disaser)0 furter roerty attributes (e.. arden, disaser)


13/13

Contact details and disclaimer

For more, contact Ronan Lyons (For more, contact Ronan Lyons ([email protected]@daft.ie))

DisclaimerDisclaimer e Daft.ie Reort is reared from information tat e beliee ise Daft.ie Reort is reared from information tat e beliee is

collated it care, but e do not mae any statement as to its accuracycollated it care, but e do not mae any statement as to its accuracy

or comletenessor comleteness

We resere te rit to ary our metodoloy and to edit or discontinueWe resere te rit to ary our metodoloy and to edit or discontinue

te indices, snasots or analysis at any time for reulatory or oterte indices, snasots or analysis at any time for reulatory or oter

reasonsreasons

Persons seein to lace reliance on any information contained in tisPersons seein to lace reliance on any information contained in tis

reort for teir on or tird arty commercial uroses do so at teirreort for teir on or tird arty commercial uroses do so at teiron rison ris
mailto:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]

Date post:	30-May-2018
Category:	Documents
Upload:	ronan-lyons
View:	215 times
Download:	0 times

Daft Rental Report Q4 2008 - Presentation

Documents