7.4% higher than last year

Rents rise in Leitrim to €504

Claire McGovern

Reporter:

Claire McGovern

Rents rise in Leitrim to €504

Rents in Leitrim are on average 7.4% higher in the third quarter of 2016 than a year previously.
The average advertised rent is now €504, up 22% from their lowest point.
Rents rose nationwide by an average of 11.7% in the year to September 2016, according to the latest quarterly Rental Report by Ireland's Property Website Daft.ie. This is the largest annual increase in rents ever recorded in the Daft.ie Report, which extends back to 2002. In addition, at €1,077 in the third quarter of the year, the average monthly rent nationwide is at a new all-time high.
In Dublin, the annual rate of inflation in rents, in the year to September 2016, was 12.1%, its highest late since late 2014. Rents in the capital are now 9.3% higher than their previous peak in early 2008. In Cork, rents rose by 14.4% in the year to September, a slight easing of inflation compared to earlier in the year. Rents in Galway are 10.9% higher than a year previously, while rents in Limerick have risen 13.2% in the last year.