THE average cost of
renting a house in Donegal is now 508 a month - a
slight rise in past year.
However, the average advertised monthly price is
still 21% lower than the 2007 peak, new figures from
Daft.ie show.
When combined with Cavan and Monaghan, the Ulster
region recorded an average rise of 1.1% in average
rents in the twelve months to September.
Daft.ie said rents are "largely stable" in Donegal,
rising a slight 0.3% in the period.
Meanwhile, nationally, rents are up more than 11%
with the national average rent now at 933 compared
to 842 in September 2013.
Economist and report author Ronan Lyons said: In
many ways, the lack of available properties to rent
is more concerning than the high rental rates,
although clearly the two phenomena are inextricably
linked.
"The only silver lining is the fact that this
quarter was the first time in five years that rent
inflation in the capital eased somewhat. However,
even if an easing in Dublin inflation continues and
stops the affordability crisis from worsening, it
does nothing to change the availability crisis.
He said the number of properties available to rent
has "continued to plummet". As of November 1, there
were fewer than 5,400 properties to rent nationwide,
the lowest figure since May 2007.
City year-on-year average rents:
Dublin: 1,372, up 16.6%
Cork: 897, up 7.9%
Galway: 875, up 7.2%
Limerick: 704, up 6.4%
Waterford: 628, up 4.5% |
