Rents in NW up 15% in a year

Rents in Connacht and Ulster rose by up to 15% during the past year, with the number of homes available to rent down by about 60%.

That’s according to the rental report for the second quarter of this year, which compared average rents to the same time last year.

The average listed rent in Connacht is now €883, that’s 15.1% higher than a year ago..

In Donegal, rents were 14.6% higher in the second quarter this year.

In Sligo, rents were 14.5% higher in the second quarter, with the average rent in the county now €883.

In Leitrim, rents were up 16% higher, with the average listed rent now €695.

The rise in rents is being driven by lack of availability . . . just 102 homes were available in Connacht on August 1st.

And only about half that — 54 — were availble in Donegal, Cavan and Monaghan, with the average rent now being €744 for those three counties.