Rents are on the increase in Donegal

Rents are on the increase in Donegal

In Donegal, rents were on average 8.5% higher in the first quarter of 2019 than a year previously, according to the latest report from Daft.ie.
The average listed rent is now €645, up 33% from its lowest point.
In the three Ulster counties, rents rose by an average of 9.8% in the year to March 2019 and are now 13% above their previous high in early 2008.
There were just 2,700 homes available to rent nationwide on May 1, the lowest total ever recorded in a series dating back to 2006.
Economist with Trinity College Dublin and author of the Daft.ie report, Ronan Lyons, said that the supply of homes is an issue: “The rental market remains plagued by weak supply at a time of strong demand." 

He added that policymakers must maintain their focus on boosting rental supply. 

If you have a story or want to send a photo or video to us please contact the Donegal Live editorial team any time. To contact Donegal Democrat and Donegal People's Press, email editorial@donegaldemocrat.ie To contact Donegal Post, email editor@donegalpost.com To contact Inish Times, email editor@inishtimes.com.

More News

Buy the e-paper of the Donegal Democrat, Donegal People's Press, Donegal Post and Inish Times here for instant access to Donegal's premier news titles.

Keep up with the latest news from Donegal with our daily newsletter featuring the most important stories of the day delivered to your inbox every evening at 5pm.