Donegal rents second lowest in Ireland – report

written by Rachel McLaughlin December 13, 2018

The cost of renting a home in Donegal is almost half the national average of €1,122, according to the latest report from Residential Tenancies Board (RTB).

The average monthly rent in Donegal was €571 in the third quarter of 2018 – up 2.3% from the same time last year and up 2.9% from April-June 2018 levels.

There are just three counties in Ireland with standardised average rents below €600 euros per month.

The county with the lowest standardised average rent was Leitrim at €518 per month. Donegal is joint second lowest with Longford.

The newly-published RTB Q3 2018 Rent Index shows rents continue to trend upwards, with national rent increasing to €1,122 in Q3 2018, an increase of €78 since Q3 2017.  The standardised average rent for outside the Greater Dublin Area stood at €859.

The report also found the number of landlords is falling, despite rents being at a record high and the Irish rental market experiencing unprecedented demand.

There was a decline of 8,829 tenancies and 1,778 fewer landlords than in 2015.

Rosalind Carroll, Director of the Residential Tenancies Board said the fall in landlord numbers is a cause for concern:  “If we are to meet demand and ensure a well-functioning rental sector, then we need more landlords and different types of landlords to offer market options. With many landlords leaving, it is increasing strain and pressure and this must be addressed.”

 

LEAVE A COMMENT

What’s new from Donegal Daily

Donegal Daily is delighted to announce a brand new service for our diaspora readers around the globe.

The new service, which will begin in January, will tell the story of how Donegal people are leading the way from Glasgow to New York and from Sydney to Singapore.

We will still be bringing you the best local news and sport the moment it breaks from back home but we will also be letting you know how Donegal people around the globe are getting on.

So watch this space and thank you for your continued support for Donegal’s biggest news and sports website.

error: Content is protected