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Identifying Rent Pressures in Your Neighbourhood: A New Model of Irish Regional Rent Indicators

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  • Martina Lawless

    (Economic and Social Research Institute)

  • Kieran McQuinn

    (Economic and Social Research Institute)

  • John Walsh

    (Economic and Social Research Institute)

Abstract

Since 2013, researchers in the Economic and Social Research Institute (ESRI) have compiled a hedonic rental index for the Residential Tenancies Board (RTB). The indicator estimates a standardised rental index on a national, Dublin and outside of Dublin basis based on the 950,000 rental properties registered with the RTB. The provision in late 2016 of detailed geographical identifiers has enabled an alternative series of indicators to be estimated. In particular, hedonic rental indicators for 137 local electoral areas (LEAs) are now available on a quarterly basis from Q3 2007 to Q4 2016. By providing a more accurate assessment of regional trends in rental supply and demand, the indicators should enable a more precise implementation of policies in the rental market. They should also serve as a proxy for measuring underlying economic activity in these regions on an ongoing basis.

Suggested Citation

  • Martina Lawless & Kieran McQuinn & John Walsh, 2018. "Identifying Rent Pressures in Your Neighbourhood: A New Model of Irish Regional Rent Indicators," The Economic and Social Review, Economic and Social Studies, vol. 49(1), pages 73-92.
  • Handle: RePEc:eso:journl:v:49:y:2018:i:1:p:73-92
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    References listed on IDEAS

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    1. G. Stacy Sirmans & John D. Benjamin, 1991. "Determinants of Market Rent," Journal of Real Estate Research, American Real Estate Society, vol. 6(3), pages 357-380.
    2. Denis Conniffe & David Duffy, 1999. "Irish House Price Indices — Methodological Issues," The Economic and Social Review, Economic and Social Studies, vol. 30(4), pages 403-423.
    3. Crone, Theodore M. & Voith, Richard P., 1992. "Estimating house price appreciation: A comparison of methods," Journal of Housing Economics, Elsevier, vol. 2(4), pages 324-338, December.
    4. Gatzlaff Dean H. & Ling David C., 1994. "Measuring Changes in Local House Prices: An Empirical Investigation of Alternative Methodologies," Journal of Urban Economics, Elsevier, vol. 35(2), pages 221-244, March.
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    Cited by:

    1. Grotti, Raffaele & Russell, Helen & Fahey, Éammon & Maître, Bertrand, 2018. "Discrimination and inequality in housing in Ireland," Research Series, Economic and Social Research Institute (ESRI), number BKMNEXT361.
    2. Kieran McQuinn & Teresa Monteiro & Conor O’Toole, 2021. "House Price Expectations, Labour Market Developments and the House Price to Rent Ratio: A User Cost of Capital Approach," The Journal of Real Estate Finance and Economics, Springer, vol. 62(1), pages 25-47, January.
    3. Allen-Coughlan, Matthew & Coffey, Cathal & Martinez-Cillero, Maria & Kostarakos, Ilias & McQuinn, Kieran & O’Toole, Conor, 2020. "Estimating the cost of Irish housing for the CPI: A rental equivalence approach," Papers WP676, Economic and Social Research Institute (ESRI).
    4. McGinnity, Fran & Fahey, Éamonn & Quinn, Emma & Arnold, Samantha & Maître, Bertrand & O’Connell, Philip, 2018. "Monitoring report on integration 2018," Research Series, Economic and Social Research Institute (ESRI), number BKMNEXT364.

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