Belfast tenants are struggling to find housing because supply can’t keep up with demand

Belfast tenants are struggling to find housing because supply can’t keep up with demand

Belfast tenants are struggling to find housing because supply can’t keep up with demand

Many people trying to rent a home in Belfast have found themselves struggling because the supply of properties is not currently in demand.

According to the latest figures from PropertyPal, the total number of rental properties available in Northern Ireland is 51% lower than in 2019, with the property website revealing that inquiries for each rental property are now receiving 78 inquiries.

Their analysis for the third quarter of this year shows that the monthly rent for a house in Northern Ireland is currently 4,684 per month, 6% higher than last year and 1.5% higher than in the second quarter.

When it comes to apartments, tenants can expect to pay an average of 70 5,705 per month, up 4.8% from last year and up 0.8% from the previous quarter.

However, this is only a monthly fee of seven months and there have been reports of a lot of properties around the area, especially in Belfast, where rent rates are much higher.

Elf Belfast Rentgor, a Twitter account that tracks rental property prices around the city, has highlighted such cases.

A recent example is a three-bedroom apartment in South Belfast going for 1, 2,260 per month, and a city center two-bedroom apartment for 1,000 per month.

Rising rental rates and the increasing number of inquiries for each property have made it difficult for tenants to find property.

Speaking about his struggle with Belfast Live to find rent in Belfast, Kevin McStrawck said it took him two months to resolve.

He said: “I started looking for something to rent with a friend around June and it wasn’t resolved until the end of August. I first rented in Belfast from 2018 to 2019 before moving to Dublin from work and then The difference between my experience and it has become much harder now.

“Rent prices have skyrocketed over the last three years when I last saw and securing a property is a challenge in itself, never mind trying to secure something.”

Kevin spent two months in Belfast looking for rental property

Another change Kevin noticed was the decline in the quality of many of the rental properties around town.

The 26- Are. City.

“I know a lot of friends like me who were searching at the same time and some of them still haven’t been able to find anything.

“I think a lot of people were expecting an epidemic and moving to far-flung jobs could help reduce the demand for housing in the city, and in turn reduce rents, but it certainly doesn’t feel that way – If something looks the other way around. “

Claire Green, an associate partner at Featherston Clementes Estate Agent, said she has received more applications for each property than ever before, and has generally received four times more inquiries.

“The supply we have is in high demand,” he said.

“We don’t have enough assets for all the inquiries and applications we receive. We’ve seen four times as many inquiries in general over the last few years. It’s crazy how many more people are looking.

“I think a lot of this is due to the sale of properties during the lockdown, it has devastated a lot of people. Losing a few months of the market last year too, which means we are working for about six months in two or three months after the last major lockout last year. ”

What properties are the most popular at the moment, Claire said, is “literally every kind of property.”

He added: “Normally, all the properties are busy. In the halls around the queens are busy with housing issues, we have seen a large crowd of people asking if the properties are online. First we have something.

“A lot of properties with gardens have been very popular. But at the same time, one-bedroom apartments in the city center have become very popular.

“If we have 50 or 60 people interrogating, we can’t accommodate a lot of those scenes, so we’ve probably had to limit them to 30, but it’s hard to get everyone out the door. No one is looking for rent at the minute. “

Tips for Tenants from Housing Rights

The charity has been providing advice, information and training on housing and homeless issues since its inception in 1994.

He advises tenants in Northern Ireland:

  • Make sure your landlord protects your deposit in a deposit plan. The deposit is your money, and you should get it back when you go out.

  • Tenancy agreements are legal agreements. If you change your mind or are unable to stay in the property longer, you just can’t go away. If this happens, talk to your landlord, and get advice if they won’t let you go.

  • Landlords usually have to send you a written notice of eviction, or leave you to be evicted. You must receive this notice at least 12 weeks in advance when you wish to leave. If you do not have a contract or if your contract has expired, your landlord will not need any reason to evict you.

  • Make sure your tenancy agreement states who is responsible for fixing things in your home. If not, the law states who you and your landlord are responsible for.

Contact Housing Rights by clicking here for more help and advice.

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