> Pre-Covid there were more than 5,000 homes in Dublin available to tourists via Airbnb alone.
Dublin has a population of over 1.5 million. On average, a dwelling in Dublin has 2.5 people. 5000 AirBnB's account for less than 1% of the total housing stock.
I constantly hear about people complaining about how short term rentals are running the housing market but the numbers never add up.
It may be 1% of total housing stock but what is it relative to long term rental stock? It wouldn't take much to have a significant effect on the cost of long term rentals.
Google says that 30% of the population is renting in Ireland, I imagine that it's a bit higher in Dublin... but yeah. I think it's reasonable to say there's an effect.
I don't think that it is the primary effect, but we can walk and chew bubblegum!
Dublin has a population of over 1.5 million. On average, a dwelling in Dublin has 2.5 people. 5000 AirBnB's account for less than 1% of the total housing stock.
I constantly hear about people complaining about how short term rentals are running the housing market but the numbers never add up.