Advertisement

Rents static in Donegal

Daft_Rental_Report_2014_Q2

BY C.J.McGINLEY

DONEGAL was the only county in Ireland not to record an increase in rents over the past year.

Advertisement

Figures just released from Daft.ie show that Donegal students heading back to college are finding it difficult to find affordable properties due to a shortage of homes for rent and a lack of affordable properties in cities.

There are almost 40% fewer properties available to rent compared to this time last year according to the latest quarterly Rental Report by Daft.ie.

Nationally, rents have risen by over 10% in the space of twelve months with the national average rent now €915 compared to €825 a year previously.
Rents rose in every county, bar Donegal, and all city centres experienced rises of between 3% in Waterford and 17% in Dublin.

In Donegal, rents are largely stable, falling by just 0.2% in the 12 months to June 2014. The average advertised rent is now €501, a fall of 22% from the 2007 peak.

Top
Advertisement

Donegal News is published by North West of Ireland Printing & Publishing Company Limited, trading as North-West News Group.
Registered in Northern Ireland, No. R0000576. St. Anne's Court, Letterkenny, County Donegal, Ireland