Home » Tag Archives: Daft.ie

Tag Archives: Daft.ie

Rents rise 10.8% in Clare

While rents rose nationwide by an average of 11.7% in the year to September 2016, in Clare rents increased by 10.8%, according to the latest quarterly Rental Report by Ireland’s No.1 Property Website Daft.ie. This is the largest annual increase in rents ever recorded in the Daft.ie Report, which extends back to 2002. In Clare, rents were on average 10.8% higher in the third quarter of 2016 than a year previously. The average advertised rent is now €655, up 24% from their lowest point. In Dublin, the annual rate of inflation in rents, in the year to September 2016, was 12.1%, its highest late since late 2014. Rents in the capital are now 9.3% higher than their previous peak in early 2008. In Cork, rents rose by 14.4% in the year to September, a slight easing of inflation compared to earlier in the year. Rents in Galway are 10.9% higher than a year previously, while rents in Limerick have risen …

Read More »

Cheaper to buy than rent in Clare

It is cheaper to buy rather than rent a house in County Clare, a scenario that would still prevail if current interest rates increased by 2%. This is outlined in a review of the residential property market by PIBA, the country’s largest group of financial brokers. PIBA also said the Central Bank’s excessive lending restrictions, along with the shortage of suitable properties to buy are creating “a lost generation robbed of the opportunity to buy their own homes”. This is a legacy likely to follow them down through the years in terms of their financial status, Rachel McGover, chief operations officer at the organisation, added. PIPA, which represents 900 member firms throughout the country said, “This week’s Daft.ie rent report for Q2 2016 provides the latest evidence that in several locations across the country it is cheaper, in some cases considerably so, to buy a property than rent one. “In what should be startling evidence for policy makers and the …

Read More »

Student accommodation costs soar

The cost of accommodation for third level students is making the headlines once again. The Union of Students in Ireland said the unaffordable rental sector is forcing students out of college and is calling on the Minister for Housing, Planning and Local Government, Simon Coveney and the Dáil’s committee on housing and homelessness, to consider the student accommodation crisis. Cork, Dublin, Galway and Limerick have seen an increase of up to 16% in the rental sector, according to the latest report by property website Daft.ie. Rents have gone over €1,000 a month nationwide for the first time since 2008. USI president, Kevin Donoghue, said the escalating cost of rent across Ireland is because of a chronic supply shortage and an increase in demand, which is forcing some students to commit to a lease they can’t afford, sleep on friends’ couches, live in poor quality accommodation or endure long commutes. “The lack of purpose-built on-campus accommodation, private sector rent increases and …

Read More »

Clare rents still on the rise

RENTS in Clare went up by 7.1% in the past year. Properties in the county are now advertised for rent at an average of €591 per month, up 12% from their lowest point in 2013, according to the Daft.ie Rental Report. Rents rose nationwide by an average of 3.2% in the third quarter of 2015, the largest three-month increase since early 2007, the report states. The increase in rents comes ahead of Government measures to limit increases in rents. The national average rent between July and September was €964, compared to €882 a year previously. Annual inflation in rents now stands at 9.3% nationwide and, for the second quarter in-a-row, is being driven by trends outside the capital. In Dublin, annual inflation in rents is 8.9%, down from 15% in mid-2014, whereas outside Dublin inflation in rents stands at 9.7%, up from 5% in mid-2014. The highest rates of inflation are in the cities outside Dublin, with rents 13.5% higher …

Read More »

Rents on the increase in Clare

Rents for residential property in Clare increased by 4.4% last year compared to 2013. However, with the average advertised rent at €566, there is overall decrease of 25% since the peak of the market, according to property website, Daft.ie. In Munster, rents rose by an average of 4.2% in the year to December 2014, compared to static rents a year previously. Year-on-year inflation in rents nationwide eased in the final three months of 2014, according to the latest quarterly rental report by Daft.ie. The national average rent between October and December was just under €950, that’s 9.7% higher than last year. However, this is down from a 10.8% annual increase in the second and third quarters and marks the first time since mid-2009 that rental inflation has eased. This national trend is being driven by a moderation in Dublin’s rental inflation, which has eased from 16.5% in April to below 10% by January. In the other city centres, rents continue …

Read More »

Clare rents on the rise

Rental accommodation is more expensive than at the same stage last year in every county in Ireland, according to the latest quarterly Rental Report by Daft.ie. In Munster, rents rose by an average of 4.2% in the year to September 2014, compared to static rents a year previously. In Clare, rents were on average 3.3% higher in the third quarter of 2014 than a year previously. The average advertised rent is now €562, a fall of 26% from the peak. Nationally, rents have risen by over 11% in the space of twelve months with the national average rent now €933 compared to €842 a year previously. Dublin’s annual inflation rate has slowed for the first time in five years, but prices have still risen by over 14% in the capital since the third quarter of 2013. In the other city centres, rents continue to climb. Waterford experienced an annual rise of 4%, Limerick 6%, Galway 7% and Cork 8%. Most …

Read More »

Clare students face rent increases

There are almost 40% fewer properties available to rent compared to this time last year according to the latest quarterly Rental Report by Daft.ie. Nationally, rents have risen by over 10% in the space of 12 months, with the national average rent now €915 compared to €825 a year previously. This will seriously impact on Clare third level students seeking accommodation in towns and cities across the country. In Clare, rents were on average 2.2% higher in the second quarter of 2014 than a year previously. The average advertised rent is now €554, a fall of 27% from the peak. Rents rose in every county, bar Donegal, and all city centres experienced rises of between 3% in Waterford and 17% in Dublin. There are now 6,800 properties available to rent across the country, down from 11,000 in August 2013. Domhnall McGlacken-Byrne, Trinity College Dublin Students’ Union president has stated that this is a “source of alarm” for prospective tenants and suggested …

Read More »

House prices fall 11%

LEADING property website daft.ie has found that asking prices for house prices in Clare fell by 11% between the last quarter of 2012 and the last quarter of 2013. According to their figures the average house price in the Banner county fell to €128,175, down 59% from the peak of the bubble. According to their figures, the average price for a one-bedroom apartment in this county is now just €45,000, while a two bed is €57,000. A three bedroom semi detached house is €83,000, while a four bed is €169,000. A five-bed semi detached house now has an average asking price of €189,000. According to the Daft figures the price of apartments was hit hardest in 2013, with the one beds down y 18.6% and two beds down by 16.1%. Regarding houses, the five beds were down by 15.7%, four beds by 11.3% and three beds by 13.6%. The Daft report showed a two speed property market, with Dublin seeing …

Read More »