Rents increase in city but drop slightly in county
Galway bay fm newsroom - The latest Daft rental report shows that prices increased in the city but dropped slightly in the county.
The average rent in the city is now 814 euro, thats 4.4% up on the same time last year.
In the county, the average rent is 544 euro, that's a drop of 1.4% compared to last year.
Year on year change in rents also show that Dublin is up by 11.2% with an average rent of 1,210, Cork is up 4.2% at 814 euro while Limerick is up 3.6% at 661 euro.
In Dublin, rents rose by almost 20 per cent in the past three years - with only a two per cent increase in many rural areas since 2011.
The average rent nationwide is now 865 euro, compared to 790 euro two years ago.
Ronan Lyons, economist at Trinity College Dublin and author of the Daft Report, says the onus is on the Government to encourage construction in Dublin in order to meet demand