RENT IN GALWAY BUCKS NATIONAL TREND AND GOES UP

Date Published: 18-Nov-2008

Rent has gone up in Galway city, despite falling throughout the rest of the country.According to a new report by website Daft dot ie, Galway rent has increased 1.5 per cent in the last quarter, and along with Limerick, is bucking the national trend by rising, not falling.The average price of rent in the city is now 933 euro per month.The average price of rent across Galway county has stayed in line with national trends with a price decrease of about 2.5 percent.The average price of rent in the county is about 700 euro per month.Ronan Lyons, who's an economist with Daft dot ie says although the rent for Galway city has increased, he does expect prices to drop in the coming months.