Report shows Monaghan has the fewest homes to buy or rent
Michael Bolton
A new report has shown there is an average of 5.9 properties for rent or share for every 10,000 people in Ireland.
The report by Savills Ireland, showed Monaghan has the lowest amount of homes to rent in Ireland, with 2.4 homes per 10,000 people, leaving the county with just 16 properties for rent.
Roscommon has the next lowest ratio of 2.5, with 18 homes, followed by Donegal at 3.3 and Tipperary at 3.5.
Mayo has the closest to the national average at 5.6 homes for rent or to share per 10,000 people, but it is still a sobering statistic with just 79 properties available across the whole county of 140,000 people.
Dublin’s availability of 2,290 properties to rent or to share is more than the rest of the country combined.
When it comes to buying a property, Monaghan also has the lowest amount per 10,000 people, with a ratio of 12.2, with 81 properties.
This is followed by Meath with 13.4 per 10,000 people, with Kildare in third with 14.3
Carlow has 17.7 per 10,000 people, with Louth in fifth with 18.
Dublin is ranked in eighth with 19.5, with 2,912 houses for sale.
Leitrim has the highest number of houses for sale per 10,000 people with 42.9, followed by Roscommon and Mayo.
John Ring, Director of Research at Savills Ireland, said: “The starkest finding of this analysis is the shortage of rental stock across the country and it is not clear how this issue is going to be resolved.
"Apartment development, the traditional channel by which rental stock has been delivered historically, is unviable in most locations outside of Dublin, with no new apartment delivery of scale taking place since the crash.
Furthermore, lending for buy-to-let investment is miniscule, while many existing landlords are exiting the market. Lastly, the model of developing housing estates for rental has been effectively banned via prohibitive stamp duty on these transactions.
"The question therefore arises, what is the plan for delivering private rented stock across the country?”
