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Average Donegal rent rises to €517 09.02.16

DONEGAL rental tenants are paying 4% more to put a roof over their heads than at the end of 2014, latest figures show.
The statistics from Ireland's largest property website, Daft.ie, show that the average advertised rent in the county is now €517. This is a 6% rise from their lowest point in 2013.
The company also revealed today that Ireland's rental stock has hit an all-time low.
There were just 3,600 properties available to rent nationwide at the beginning of this month, the lowest point on record.
This compares to more than 5,200 a year ago and almost 16,000 five years ago.
Meanwhile, Donegal monthly rents are €462 less than the national average which stood at €979 between October and December.
Rents rose nationwide by an average of 9% during 2015, according to Daft.ie's latest quarterly Rental Report.
The highest rates of rental inflation are in the cities outside Dublin, with rents 15.4% higher than a year ago in Cork city and 13.3% higher in Galway city.
Daft.ie economist Ronan Lyons said: “Ahead of the election, there is no sign of any improvement in the extreme lack of rental accommodation throughout the country, particularly in Dublin."
"The shortage of accommodation was first identified in the Daft.ie Report in late 2010, ahead of the last election. Unfortunately, at the time, the political focus was on legacy issues related to ghost estates and negative equity. Hopefully, the new Government will focus on taking the necessary steps to increase availability of homes to rent early in its term of office," Mr Lyons added.
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