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11/11/2013
Property Rent Prices Continue To Rise
The cost of renting a property continues to increase, according to a new report by Daft.ie.
The quarterly review shows rent has risen nationally, with the capital experiencing the largest growth in prices.
Nationwide, the year-on-year increase in the average rent surged to 4.8% between the months of July and September, up from 4.2% the previous quarter.
In Dublin, rents are almost 8% higher than a year ago, while Cork and Galway also experienced larger increases in rent between 3% and 4%. In Limerick, rents are 1.8% higher when compared to last year's figures.
The cost of the average nationwide rent is €824, but this jumps to €1,150 in Dublin.
Waterford was found to be the only exception to the trend, with rent prices continuing to fall.
(JP/IT)
The quarterly review shows rent has risen nationally, with the capital experiencing the largest growth in prices.
Nationwide, the year-on-year increase in the average rent surged to 4.8% between the months of July and September, up from 4.2% the previous quarter.
In Dublin, rents are almost 8% higher than a year ago, while Cork and Galway also experienced larger increases in rent between 3% and 4%. In Limerick, rents are 1.8% higher when compared to last year's figures.
The cost of the average nationwide rent is €824, but this jumps to €1,150 in Dublin.
Waterford was found to be the only exception to the trend, with rent prices continuing to fall.
(JP/IT)
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Ireland WeatherToday:Showers today, occasional north and west of Lough Neagh, but only a few isolated light outbreaks expected for Belfast and county Down where the best of the winter sunshine is expected. West to northwest winds brisk around the coasts. Maximum temperature 10 °C.Tonight:Showers focused across northern areas of the Province, with most in the south staying dry, with a frost developing for many here. Northwest winds fresh around the coasts. Minimum temperature 0 °C.
