In October 2016 Savills published A Rent Forecasting Model for the Private Rented Sector in Ireland. That report combined unpublished CSO statistics on housing tenure with Daft.ie information on available rental properties to provide long-run quarterly data on;
• The number of persons, households and dwelling units in the private rented sector (PRS).
• The average size of privately rented households.
• The vacancy rate in the private rented sector.
This information was then leveraged to develop a mathematical model for forecasting residential rents in Ireland.
Much water has passed under the bridge since then. The results of Census 2016 have been published, triangulating our conclusion that the private rented sector expanded between 2011 and 2016. And, as we forecast, continued strong demand for rented accommodation in the face of tight supply has driven further rent inflation over the last year.
Source : Savills