Advertisement

News

Cost Of Renting Has Doubled In Past 10 Years

The cost of renting has doubled in the past 10 years. The latest report by Daft.ie shows rents have...
Kim Buckley
Kim Buckley

7:57 AM - 12 May 2021



Cost Of Renting Has Doubled In...

News

Cost Of Renting Has Doubled In Past 10 Years

Kim Buckley
Kim Buckley

7:57 AM - 12 May 2021



The cost of renting has doubled in the past 10 years.

The latest report by Daft.ie shows rents have increased by 2.1 percent in the first three months of the year.

The average monthly rent is now 1,443 compared to 742 in 2011.

Supply continues to be a major issue with only 66 properties available to rent across the Midlands in May.

In the first three months of this year, Donegal saw the largest rise with an increase 5.9 percent.

That's followed by Roscommon and Leitrim which have risen over just around five percent.

Least and most expensive areas

Connacht and Ulster saw big increases across the board with Cavan, Mayo, and Sligo all seeing increases of more than four percent in the first quarter, while outside that area the only county which saw similar rises was Wexford.

No area in the country saw a fall in rents - despite the pandemic and people relocating to more rural areas, the rent in Dublin City Centre still went up by zero-point-one percent.

Across the other cities like Galway, Waterford, and Cork there have been two percent increases.

 

 



Read more about

Daft Daft.ie Daft Report Rent Rent Report Renting

You might like

Live: Title

Now playing

00:00:00 / 00:00:00
Added to queue
Removed from queue

On Air

Share

Share

Up next

Episode title
Show
Duration

You currently have no podcasts in your queue.

Go to podcasts

On Air

Overnight

Overnight

12 AM-5 AM

Share

Up next

Early Breakfast

Early Breakfast

5 AM-7 AM

Share

The Ian Dempsey Breakfast Show

The Ian Dempsey Breakfast Show

7 AM-9 AM

Share

Dermot & Dave

Dermot & Dave

9 AM-12 PM

Share

Mairead Ronan

Mairead Ronan

12 PM-2 PM

Share

Fergal D'Arcy

Fergal D'Arcy

2 PM-4:30 PM

Share

The Last Word with Matt Cooper

The Last Word with Matt Cooper

4:30 PM-7 PM

Share

Pamela Joyce

Pamela Joyce

7 PM-10 PM

Share

Ed Smith

Ed Smith

10 PM-12 AM

Share

Overnight

Overnight

12 AM-5 AM

Share

00:00:00 / 00:00:00

Share on