Rents continue to soar in North West

Rents continue to rise in the North West while a shortage in rental properties is also an ongoing issue.


According to the latest show that in Sligo, rents were on average 19.7% higher in the first quarter of 2022 than a year previously.


The average listed rent in Sligo is now €1004, up 93% from its lowest point.


Rents in Donegal were on average 22.7% higher while Leitrim saw the biggest increase at 24.8% over the same period.


The average rent in Leitrim is now €817, up 98% from its lowest point.


Economist and author of the report Ronan Lyons doesn’t foresee an improvement in the near future: