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Thu 10 Oct 2008Rental supply rises by 10% per month as sales slump
THE STOCK of rental properties on the market is growing at a rate of 10 per cent per month and is now approaching 10,000 homes according to the property website myhome.ie.
The rapid growth in the rental market suggests that would-be buyers are opting to rent rather than buy homes because of the uncertainty in the market and the prospect of further price drops over the winter months.
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