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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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Minister for Housing Simon Coveney has been urged to conduct an urgent review of rent pressure zones (RPZ) following the publication of new results by Daft.ie. The latest figures show that rents are at a record high across the state, with the average rent now standing at €1,131, with Dublin rents up 13.9% year on year.
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