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 »