There are also odd distortions that I find in the Irish rental market in that quality accommodation does not seem to be able to command a premium over poor quality accommodation - I wonder if this is caused by rent allowance...
I also, dont know why we get this distortion.
I have seen terrible standards of decor, poor furniture, small kitchens, old white goods in houses asking ~1700, and I have seen other houses asking the same amount, which were built and specified to owner occupier specifications, expensive kitchens, all german white goods etc., (I assume at this level of rent, rent allowance is not going to equalise or clear the market)
I have concluded that most renters (and maybe landlords?), don't value/price the standard of the kitchen, white goods, kit out furniture etc., And if you want to rent, you want to rent somewhere that was recently owner occupied.