IDEAS home Printed from https://ideas.repec.org/p/cbi/stafin/5-si-25.html

Mortgage Measures and Rental Yields in Ireland

Author

Listed:
  • Yao, Fang

    (Central Bank of Ireland)

  • Pelli, Michele

    (Central Bank of Ireland)

  • Shaikh, Sameer

    (Central Bank of Ireland)

Abstract

The rental yield is an important metric for gauging sustainability of the housing market. This Insight studied the impact of the mortgage measures on rental yields across Irish counties in the two years following introduction in 2015. We find that there are clear and strong effects on house prices, which drive up the rental yield across counties, but find only a small and imprecise direct impact on rents. Multiple factors are likely at play in explaining the muted response of rents, including changed house purchase behaviour and increased supply by institutional investors over the estimation period.

Suggested Citation

  • Yao, Fang & Pelli, Michele & Shaikh, Sameer, 2025. "Mortgage Measures and Rental Yields in Ireland," Central Bank Staff Insights 5/SI/25, Central Bank of Ireland.
    • Handle: RePEc:cbi:stafin:5/si/25
    as

    Download full text from publisher

    File URL: https://www.centralbank.ie/publication/research-publications/staff-insights/mortgage-measures-and-rental-yields-in-ireland
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cbi:stafin:5/si/25. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Fiona Farrelly (email available below). General contact details of provider: https://edirc.repec.org/data/cbigvie.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.