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Ciarán Hancock

👤 Speaker
342 total appearances

Appearances Over Time

Podcast Appearances

Inside Business with Ciaran Hancock
Rents and evictions soar as house price inflation slows

Hello, I'm Ciarán Hancock.

Inside Business with Ciaran Hancock
Rents and evictions soar as house price inflation slows

Welcome to Inside Business.

Inside Business with Ciaran Hancock
Rents and evictions soar as house price inflation slows

Some mixed news recently on the housing front, with price growth slowing, but rent soaring in Q1.

Inside Business with Ciaran Hancock
Rents and evictions soar as house price inflation slows

Sheriff Fitzgerald, Chief Executive Marian Finnegan and Irish Times economics correspondent, Eoin Burke-Kennedy, join me in a few minutes to discuss this.

Inside Business with Ciaran Hancock
Rents and evictions soar as house price inflation slows

In the second half of the show, Ian Curran of the Irish Times joins me in studio to discuss his trip to Toronto last week with 150 Irish business leaders, all part of the CEO retreat for the EY Entrepreneur of the Year Awards.

Inside Business with Ciaran Hancock
Rents and evictions soar as house price inflation slows

But first to housing.

Inside Business with Ciaran Hancock
Rents and evictions soar as house price inflation slows

House price growth hit 6.5% in March, the slowest rate in two years, offering some chink of light to those hoping to buy.

Inside Business with Ciaran Hancock
Rents and evictions soar as house price inflation slows

For tenants, however, the news was grim.

Inside Business with Ciaran Hancock
Rents and evictions soar as house price inflation slows

Rents rose by 4.4% in Q1.

Inside Business with Ciaran Hancock
Rents and evictions soar as house price inflation slows

That's the highest quarterly rate increase since 2002.

Inside Business with Ciaran Hancock
Rents and evictions soar as house price inflation slows

while the number of eviction notices issued by landlords rose by 50% in the same period.

Inside Business with Ciaran Hancock
Rents and evictions soar as house price inflation slows

All that against the backdrop of new government rules around renting.

Inside Business with Ciaran Hancock
Rents and evictions soar as house price inflation slows

Joining me in studio to make sense of these data points is Marian Finnegan, CEO of Sherry Fitzgerald, the country's largest estate agent, and on the line by Eoin Burke-Kennedy of the Irish Times.

Inside Business with Ciaran Hancock
Rents and evictions soar as house price inflation slows

Eoin, I'm going to go to you first.

Inside Business with Ciaran Hancock
Rents and evictions soar as house price inflation slows

Maybe you can just take us through those headline numbers, both in terms of rents and house price growth.

Inside Business with Ciaran Hancock
Rents and evictions soar as house price inflation slows

Yeah, maybe this is where Marion Finnegan, Chief Executive of Sherry Fitzgerald, comes in.

Inside Business with Ciaran Hancock
Rents and evictions soar as house price inflation slows

Marion, thanks for joining us again.

Inside Business with Ciaran Hancock
Rents and evictions soar as house price inflation slows

What do you make of these?

Inside Business with Ciaran Hancock
Rents and evictions soar as house price inflation slows

What should we make of them?

Inside Business with Ciaran Hancock
Rents and evictions soar as house price inflation slows

Six and a half percent.