Wednesday, May 21, 2008

Limerick's Rental Confusion

Riverpoint Tower 1 Building, on Russell's Quay, opened 2006. Munchin House (now demolished) seen on the left, has been replaced by Tower 2.Image via WikipediaSo this is Headline One from Todays Limerick Post

Limerick rents rise by 2 per cent:

Limerick City rents have bucked the national downturn by increasing by 2 per cent, in the face of falls as high as 6 per cent in South Dublin. The surprise finding, espicially factored against a doubling of the available rental pool of housing, was in Daft.ie's latest Rent Report.
Source: Limerick Post



And This Is Headline Two from Todays Limerick Independent:
City rents fall by 3%

There is good news for renters of properties in Limerick, according to the latest figures from property website Daft.ie, which shows that rents in Limerick have fallen by 3%
Source: Limerick Independent

Two City Newspapers. The Same Story. Two Completely Different Outcomes. Now I am no expert in Stats, but the old cliché goes that you can make Statistics say whatever you want 95% percent of the time. However both Headlines cannot be right?! So what does Daft Say then? Well Daft's own report says :

Rents falling for first time since 2004:
....
The nationwide fall of 2% masks some regional variation - in Limerick city and Dublin city centre rents have fallen by almost 3%, whereas in West Dublin and West Leinster rents rose slightly....
Source: Daft.ie

So the Limerick Post has it wrong then. Time to go back and learn the basics about Checking your facts before you publish a story me thinks. Or at the very least, make sure you read the correct headline before you publish.


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