Cost of living: Housing

Business Daily

BBC

News, Business

4.4 • 796 Ratings

🗓️ 25 January 2023

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

Whether renting or buying, housing costs are going up.

Presenter Leanna Byrne takes you back home with her to Dublin, Ireland to discuss what all Dubliners love to moan about: the rising cost of renting.

According to a report by Daft.ie, which lists places to rent or buy in Ireland, at the end of 2022 rent in Dublin had risen to an average $2,446 per month.

And the rising price of renting has seeped into some of Ireland’s other cities, like Cork and Galway, where rents rose by 12% and 16%.

Limerick and Waterford’s rental prices both soared by more than 17%.

We hear from Rebecca, a 32-year-old working in the tech sector in Dublin, who has been renting for 10 years. She says that renting in Dublin is getting harder.

Alex is 31 and works in banking. He got a job in Dublin in January 2022 and was worried about moving there because he heard about the housing horror stories.

And finally, Norman Shapiro, senior mortgage broker with First Israel Mortgages, gives us the view from Israel, where house prices have hit a record 20% year-on-year increase.

Presenter/producer: Leanna Byrne (Image: Houses/ Getty Images)

Transcript

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0:00.0	Love, Janessa, a brand new true crime podcast from the BBC World Service and CBC podcasts, exploring the world of online romance scams.
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0:14.0	Find out more at the end of this podcast.
0:35.5	Just across this road here ah there there it is the first place i ever rented i'm back in dublin by the way which is where I'm from, if you couldn't tell by my accent.
0:40.0	I'm standing on Clambrasal Street in Dublin 8, only a 10-minute walk from the city centre.
0:45.3	And I'm looking at a red brick, three-story building, with an Indian takeaway on the ground floor.
0:51.9	And there's apartments over it, and that's where I used to live.
0:56.5	The door used to be bright blue but now it's painted charcoal black.
1:01.3	How things have changed since 2014.
1:06.8	And back then I was paying about 550 euro in rent, which is $672 a month plus bills for a room in the top floor apartment.
1:17.8	And at the time, I thought that was very expensive.
1:20.5	I wasn't really earning a lot in my first job, as people normally don't.
1:26.5	But now, well, I see a lot of the same headlines about record rent prices
1:31.4	and a shortage of places to rent, but now the numbers we're talking about are a lot higher.
1:39.3	So according to a report by daft.a.e, which lists places to rent or buy in Ireland, by the end of 2022, rents rose to an average of $2,446 a month in Dublin.
1:53.4	What's different this time is the rising price of renting has seeped into a lot of Ireland's other cities like Cork and Galway
2:02.8	rents their rows by 12 and 16%. And Limerick and Waterford, their rental prices have both
2:10.0	stored as well by more than 17%. And, you know, I haven't even started on how much it costs to actually
2:16.9	buy a house here. Anyway, I haven't even started on how much it costs to actually buy a house here.
2:18.9	Anyway, I better head because we're going to be talking about housing.
2:24.4	And we've got a lot to get into.
2:28.3	I'm Leanna Byrne, and this is episode three in our Cost of Living series,
	...

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