Rents across the country soar to all time high of €1200 a month

Share

According to the report which analysed trends during July, August and September the average monthly rent in Limerick city is now €946 while a property in County Limerick will set you back €748.

In Dublin, the Daft.ie report shows the increase in rents in the year to September was 12.3% and rents in the capital are now nearly 23% higher than their previous peak in 2008.

Cork experienced a jump of over 5%, Galway, 9.8% and Limerick rose by 10.9%.

Galway Bay fm newsroom - House rents in the city are up nearly 10 per cent since previous year.

Prof Lyons said the rental figures did not make happy reading, adding: "Extra supply is quite simply the only solution".

He said: "There isn't a single part of the country where rents are increasing less than 4% a year which is what the rent presure zones are created to do".

Mr Allen added that the housing market was witnessing "a collision of different forces" - a view bolstered by another report, published today by the Economic and Social Research Institute which suggests house prices could rise by 20% over the next three years.

"It is not clear to me that the system of rent pressure zones is working, in fact it may be having the opposite effect".

However, he said pressure zones were not being adhered to by some landlords and a transparent rent register should be considered.

He said: "There were just under 3,400 properties available to rent nationwide, that's for the entire country".

Share

Advertisement

Related Posts

Roger Federer wins opening match at ATP Finals
I figured it was going to go out. "It landed just inside both lines", said Sock, who still won the game. "But, I don't know". At 3-2, he was 40-15 up on serve but Zverev, wound-up by an erroneous over-rule, forged back to break with an exquisite lob.

Research Ratings: Senior Housing Properties Trust (SNH), Louisiana-Pacific Corporation (LPX)
KeyCorp reiterated a "hold" rating on shares of Medical Properties Trust in a research note on Sunday, September 17th. (NYSE:MPW). Zacks Investment Research cut Medical Properties Trust from a buy rating to a hold rating in a report on Wednesday, August 2nd.

The Boston Scientific Corp. (BSX) Decreased by The Zacks Investment Research
The last close places the company's stock about $1.48 off its 52 week high of $29.93 and $8.78 above the 52 week low of $19.67. TRADEMARK VIOLATION NOTICE: This piece was first posted by TrueBlueTribune and is the sole property of of TrueBlueTribune.

Russia, US thoroughly discuss possibility to deploy United Nations mission to Ukraine
Volker said Washington wants the mission to monitor the entire conflict area and make sure heavy weapons are pulled back. Both Surkov and Volker were confident that "the Minsk Agreements should be implemented".

Top Resources for NAHQ CPHQ Exam
This is why it is highly crucial that you go through the exam content outline or exam objectives before you start your study. You don’t need to buy these guides; having one of them is enough to give you all you need to prepare for your test.

Justice is served as new Judge Dredd figure preorders are now open
Despite the hefty price tag of $799.99, there is a 15% discount available for customers who pay in full or opt into a payment plan.

Stifel Nicolaus Reaffirms Hold Rating for Sabra Healthcare REIT, Inc. (SBRA)
Wells Fargo & Company/mn augmented its ownership by buying 20,025 shares an increase of 3,926.5% from 06/30/2017 to 09/30/2017. Short traders are feeling a little more bearish on shares of the company recently if you look at the motion in short interest.

Why Gambling Is Better than Sports Betting
Additionally, they can use these versions to practice various strategies to see which one will earn them the best winning chances. These versions give the gambler a chance to sift through the games to find the best one that resonates with their style.

3 Secrets of Innovation Development by Max Polyakov
Also, the investor should never forget that even the biggest amount of invested resources doesn’t guarantee a success. One of the recent examples is the mass closing of brick-and-mortar shops in the USA because of Amazon’s popularity.

Sergio Garcia rates his own chances of winning the Race to Dubai
Alas, because the 37-year-old appeared in just 12 European Tour events, he faces a substantial deficit at Jumeirah Golf Estates. Since then Garcia has added 14 European titles and 10 PGA wins to his name but the Race to Dubai crown has eluded the Spaniard.

© 2015 ExpressNewsline. All Rights reserved.