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20/08/2007
Rents Hit A New High As Supply Falls
The property website Daft.ie’s latest rental report shows house rents have hit a new all-time-high.
The report shows that over the last year, rents have increased by 11.9% and the rent inflation is now at its highest level since the Daft Report was started in 2002.
The average rent nationwide now stands at €1,382, approximately €150 more than this time last year.
In Dublin, rents are up by 12% on average while areas closest to the city centre have seen greater increases in rents than more outlying suburbs.
Rents in Cork and Limerick cities have performed stronger than Dublin, increasing by around 14% over the past year.
Growth has been somewhat slower in Galway and Waterford cities, where rents have typically risen by about 6.5%.
In the Dublin commuter counties (Louth, Meath, Kildare and Wicklow), average rents are up 7.4%, while in South-East Leinster (Kilkenny, Wexford and Carlow), rents have increased 6.5%.
Although rents are increasing nationally, in certain market segments, rents are close to static.
Outside the major urban areas, rents have increased by no more than 3% on average during the past year.
Commenting on the report, Brian Fallon, Director, Daft.ie, said: "With many people no longer able to afford to buy their own place, people are now extending their leases and staying in rented accommodation. As a result, rents are being forced upwards as there is more competition for fewer places to rent."
The latest Daft Report also shows how a first time buyer could buy a three-bedroom property in Dublin for approximately €1,000 per month.
(SB/SP)
The report shows that over the last year, rents have increased by 11.9% and the rent inflation is now at its highest level since the Daft Report was started in 2002.
The average rent nationwide now stands at €1,382, approximately €150 more than this time last year.
In Dublin, rents are up by 12% on average while areas closest to the city centre have seen greater increases in rents than more outlying suburbs.
Rents in Cork and Limerick cities have performed stronger than Dublin, increasing by around 14% over the past year.
Growth has been somewhat slower in Galway and Waterford cities, where rents have typically risen by about 6.5%.
In the Dublin commuter counties (Louth, Meath, Kildare and Wicklow), average rents are up 7.4%, while in South-East Leinster (Kilkenny, Wexford and Carlow), rents have increased 6.5%.
Although rents are increasing nationally, in certain market segments, rents are close to static.
Outside the major urban areas, rents have increased by no more than 3% on average during the past year.
Commenting on the report, Brian Fallon, Director, Daft.ie, said: "With many people no longer able to afford to buy their own place, people are now extending their leases and staying in rented accommodation. As a result, rents are being forced upwards as there is more competition for fewer places to rent."
The latest Daft Report also shows how a first time buyer could buy a three-bedroom property in Dublin for approximately €1,000 per month.
(SB/SP)
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22 November 2010
Rents Increase Across Ireland
The average property rental value rose by 0.3% during the third quarter of 2010, according to the latest report published by the property website, Daft.ie. The average rent nationwide now stands at €840.
Rents Increase Across Ireland
The average property rental value rose by 0.3% during the third quarter of 2010, according to the latest report published by the property website, Daft.ie. The average rent nationwide now stands at €840.
17 November 2015
Rents Increased Faster In 2015 Compared To Any Time During Boom - SF
Sinn Féin Housing Spokesperson Dessie Ellis has criticised the government for allowing rents to increase faster in 2015 compared to any time during the boom. Deputy Ellis made the criticism ahead of a Seanad debate on the governments rent proposals after the release of new figures from Daft.ie which show rent levels have soared since September.
Rents Increased Faster In 2015 Compared To Any Time During Boom - SF
Sinn Féin Housing Spokesperson Dessie Ellis has criticised the government for allowing rents to increase faster in 2015 compared to any time during the boom. Deputy Ellis made the criticism ahead of a Seanad debate on the governments rent proposals after the release of new figures from Daft.ie which show rent levels have soared since September.
18 September 2014
Rents In Dublin Rise By 8.5%
Annual growth in the Dublin private rented market in the year to the end of June this year was 10.5%, with Dublin house rents up by 8.5% and Dublin apartment rents up by 12.1%. In contrast, annual growth in rents for the market outside Dublin was more subdued, recording growth of 2.6% when compared to the second quarter of 2013.
Rents In Dublin Rise By 8.5%
Annual growth in the Dublin private rented market in the year to the end of June this year was 10.5%, with Dublin house rents up by 8.5% and Dublin apartment rents up by 12.1%. In contrast, annual growth in rents for the market outside Dublin was more subdued, recording growth of 2.6% when compared to the second quarter of 2013.
18 November 2016
Cross-Union Secure Rents Campaign Launched In Limerick
IMPACT has the first in a series of public meetings as part of a cross-union Secure Rents campaign. IMPACT organiser Joe O'Connor said: "The Government's own Rebuilding Ireland action plan stated that moderating rental price inflation was one of its core objectives.
Cross-Union Secure Rents Campaign Launched In Limerick
IMPACT has the first in a series of public meetings as part of a cross-union Secure Rents campaign. IMPACT organiser Joe O'Connor said: "The Government's own Rebuilding Ireland action plan stated that moderating rental price inflation was one of its core objectives.
26 March 2015
Report Find Private Rents Still Rising
Private rentals across Ireland rose by 5.8% in the last quarter of 2014, with Dublin rents significantly higher than the national average, according to a new report by the Private Residential Tenancies Board (PRTB). PRTB found that the average cost of an apartment rental in Dublin rose by 10.
Report Find Private Rents Still Rising
Private rentals across Ireland rose by 5.8% in the last quarter of 2014, with Dublin rents significantly higher than the national average, according to a new report by the Private Residential Tenancies Board (PRTB). PRTB found that the average cost of an apartment rental in Dublin rose by 10.
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