RENTS in Donegal rose
by 3.9% in the final three months of last year with
the average cost for new tenants now sitting at 599
a month.
This is a rise of 23% from the lowest point during
the recession, according to Daft.ie which analyses
advertised rents.
Landlords have stressed that the prices dont
reflect rents paid by their existing tenants.
Rents rose nationwide by an average of 10.4% in the
year to December 2017, according to the latest
quarterly Rental Report by the company. The average
monthly rent nationwide in the run-up to Christmas
was 1,227, the seventh quarter in a row a new
all-time high has been set.
The annual rate of inflation represents a slowdown
in inflation from the rate recorded in 2016 (13.5%),
which was the largest annual increase on record, the
report found.
There were 3,143 properties available to rent
nationwide on February 1, 2018.
This is the lowest number ever recorded for this
time of year since the series started in 2006, and
the figure marks a 15% decrease on the same date a
year previously. In Dublin, there were fewer than
1,350 homes available to rent, compared to almost
6,700 on the same date in 2009, the report
continued.
Last year marked the fourth consecutive year of
double-digit gains in rents nationwide. The report
found that at least 40,000 new homes a year are
needed to meet current demand, but well below 20,000
homes were built in 2017.
Rents in the last quarter of 2017:
Dublin: 1,822, up 10.9%
Cork: 1,180, up 7.7%
Galway: 1,096, up 12.4%
Limerick: 1,004, up 14.8%
Waterford: 835, up 12.1%
Rest of the country: 860, up 9.8% |
