In episode one, a young family in Dublin face homelessness when the landlord terminates their lease. With landlords exiting the rental sector in their droves, we see the resulting consequences; leases are being terminated and vulnerable families face eviction with nowhere else to go.
Sommer O’Keefe is a 23-year-old mother of two. Her landlord is selling up so has terminated the lease. After four months searching for alternative accommodation, she becomes homeless. Emergency accommodation services are so overwhelmed that at one point they suggest she and her two children may have to sleep in a Garda station.
"My children have done nothing wrong. What sleeping are they going to do in a Garda station? I knew it wouldn’t be the Four Seasons but I thought they’d at least be able to offer us a bed in a hostel."
In Dublin, rental values are now 30% higher than at the Celtic tiger peak. In pricey Grand Canal Dock, we get a peek into a rental that holds the title of the highest apartment available for rent in the country. The Millennium Tower penthouse is €8,000 a month and for that you get three bedrooms, private lift access and unrivalled views of Dublin city and port.
Across the six episodes a variety of buyers, sellers and renters are followed as they face the lack of supply and affordability. With location still a huge determinant in values there’s a widening gulf between property in urban and rural areas. We meet sellers struggling to off-load their losses, while some first time buyers, priced out of their preferred locations, find more space and better value in the commuter belt.
Hannah O’Donovan is bowled over by the value she can get by re-locating. By selling her one-bed cottage in Dublin she can afford to buy a six-bed period home with private grounds.