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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 …

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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 …

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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 …

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