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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.

 

 



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