Tag Archives: rent

THE average price sought for rental properties in Clare increased by 9% between the third quarter of last year and the third quarter of this year, according to Daft.ie. It stated that the average rent sought in Clare now stands at €1,167 per month. The average price sought for a one-bedroom apartment is now €788, while at the other end of the scale an average five-bedroom house now costs €1,395 per month. It is cheaper to buy than rent across all house sizes, with the difference being particularly noticeable for smaller properties. For instance the average rent on a one-bedroom apartment is more than twice the €378 it would cost to pay a mortgate on a similar property. Rents across Clare increased by just under 2% compared to the second quarter, while they are now 117% above what was being sought at the lowest point of the recession. Writing in the Daft.ie rental report, Trinity College economist Ronan Lyons said …

THE Banner county’s property market is scorching hot according to a number of recent indicators. Research from Daft.ie this week shows that rents in the county are now more than twice what they were at the low point of the crash. The latest Daft.ie rental price report states that rents here were 15.7% higher in the final quarter of 2021 compared to the final quarter of 2020. The average asking price to rent a property in Clare is now 102% above its lowest point. Daft.ie is an extremely popular portal for people looking to rent a home, and on Tuesday it showed just 18 properties available to rent in the whole county, illustrating how tight the market is. One crumb of comfort for renters is that the rate of increase in price does seem to be slowing. The increase in the last quarter of the year was 1.6%, whereas year on year it was 15.7%. According to Daft.ie it is …

County saw the second highest rent rise in country over 12-month period CLARE has seen the second highest increase in rents in Ireland over the past year. Average rents in the county now stand at almost €900, according to the Residential Tenancies Board, with a 16.1% increase in one year. Between the second quarter of 2020 and the second quarter of 2021, Clare had the second highest increase in Ireland. The standardised average rent in Clare is now €894.06, and while the growth in Clare has been very substantial and fast, the average price here is still lower than in 13 other counties. The RTB found that in the Shannon Municipal District the average rent is €967.08, while in the Ennis Municipal District it is €921.55. Figures for the county’s other Municipal Districts were not available. The RTB said the situation in the second quarter of the year was influenced by the Covid-19 situation at that time. “At present, economic …

THE President of St Vincent De Paul in Clare has said the dysfunctional rental market is causing huge issues for many families. This week it emerged that the average rent sought for residential accommodation in the county exceeds €1,000 per month and St Vincent De Paul is seeing the impact the red hot market is having on people around the county. Denis Carty told The Clare Champion, “Obviously a lot of the people that come to us for support would be living in private rented accommodation and the cost would be a big issue for them. “It has had a really bad impact on a lot of people, they have had to move out of Ennis or other towns to get accommodation and the accommodation isn’t of a great standard. It adds to their transport costs and to their heating costs. “For people who are driving, the cars are much more expensive to run and to repair. It’s kind of …

Average rent sought in Clare in Q2 climbs to €1,009 THE average price sought for a rental property in Clare now exceeds €1,000, as the market continues to get hotter and hotter. According to the latest Daft.ie report, the average rent sought in Clare in the second quarter of the year was €1,009. This was up by nearly 4% on the first quarter of the year, and by almost 15% compared to the same time last year. The change from the low point of the market has been quite dramatic, with a rise of 91.6% seen in Clare. Clearly supply is at a premium in the Banner at the moment, with just 20 properties available for rent on daft.ie on Monday. Of these, nine came with monthly rents of €1,000 or more.  Ten of the properties only had two bedrooms, indicating a tiny amount of suitable options for families. At the moment research from Daft.ie suggests that it is now …

The listed monthly rent in Clare increased four times higher than the national average last month, new figures have revealed. According to new statistics released by Daft.ie, the average listed monthly rent nationwide rose by 0.5% in June, the third consecutive month of marginal gains. The rise was largest in Leinster 1.5% but was present in all four regions covered, particularly in Clare where rent prices for a three-bed semi-detached house increased by 2% to €814. The national property website outlined that overall rents in Clare jumped by 2.4% up to €879 in July, which was one percentage point behind County Limerick where rents jumped by 3.4% up to €925. However, this was in sharp contrast to Limerick City where the average rent stands at €1,217 down 0.7% or in Tipperary where rent increased by 0.7% up to €858. Nationally, the average rent price is €1,412. The biggest increase in rents in Clare was recorded for large spacious properties as …

Jessica Quinn A REFUND of accommodation fees for University of Limerick students has been recommended by the university’s governing authority. This is welcome news for students, many from Clare, who had been forced to give up their campus accommodation after the Covid-19 crisis broke. A spokesperson for the University of Limerick has confirmed, “The University of Limerick Governing Authority has today (Tuesday) given a recommendation that UL subsidiary Plassey Campus Centre Ltd (PCC), which manages the student residences on campus, return rental income to the students who left their accommodation on foot of the government’s decision to close the university campus in March.” UL’s Governing Authority held a Special Meeting on Tuesday during which the refund of student rents was discussed. Plassey Campus Centre Ltd (PCC) is the licensor and a separate legal entity to the University, with the issue a matter for decision by PCC and not the Governing Authority. “Nonetheless, as PCC sought the views of Governing Authority …

THE unpredictability faced by people in private rented accommodation has been illustrated by the case of an Ennis couple who were told the rent for their apartment would be increasing by an incredible 50%. Pensioners Hilari Hinnant and Greg Miller rent a one-bedroom apartment at Parnell Street and on July 11 they received a letter from a representative of their landlord, informing them the rent would be going up from €400 to €600 a month. In certain parts of the country, designated rent pressure zones, prices may only rise by a maximum of 4% per annum, but no part of Clare is included, meaning tenants here can see prices rise by any amount. The letter to the couple informing them of the rent increase stated “the new rent is not greater than the market rent, having regard to the other terms of the tenancy, and letting values of dwellings of a similar size, type and character to the dwelling that …