The average cost of renting a home in Donegal has risen by 6.4% in the past year.
The newly published RTB Rent Index shows that the standardised monthly rent in Donegal was €609 in the last quarter of 2019.
This is up 6.4% on the cost in the same period in 2018.
The quarterly rent price fell by 0.9% from the third quarter of 2019, when the average monthly rent in Donegal was €615.
Donegal is among the seven cheapest counties in which to rent in Ireland. Cavan, Leitrim, Donegal, Longford, Mayo, Monaghan and Roscommon all had standardised average rents below €700 per month in Q4 2019.
Donegal’s 6.4% annual increase is in line with the rest of the country. The national standardised average rent was €1,226 per month, up by 6.4% (€74) from Q4 2018 and quarter-on-quarter rents decreased nationally by -1.2% (€15) in Q4 2019.
Padraig McGoldrick, Interim Director of the RTB said that the latest Rent Index represents a very different world to the one we are living in today and the Covid-19 crisis presents new challenges for both landlords and tenants across the country.
Mr McGoldrick outlined the need for tenants and landlords to continue to fulfil their obligations throughout the Covid-19 crisis:
“There are some simple rules that should be reiterated at this time. Rent must still be paid by tenants as it falls due. Where a tenant is genuinely struggling to pay the rent, they may be entitled to support measures including income support and rent supplement, which we would encourage tenants to seek promptly.
“This difficult period has borne witness to a lot of good will and support between landlords and tenants, and the RTB would encourage everyone to continue to communicate and support each other so that any challenges faced can be resolved through working together,” he said.