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Average Donegal rent now €533pm 23.08.16

THE cost of renting accommodation in Donegal rose by 3.6% from April to June this year with the average monthly rent now at €533.
This monthly average is up 10% from the lowest point in the recession, according to the latest Daft.ie survey.
The survey shows that Irish rents have hit record highs and are now higher than they were during the 'Celtic Tiger' period.
This spells misery for students hoping to get accommodation for college.
The latest survey shows that rents rose nationwide by an average of 3.9% in the second quarter - the biggest three-month increase since early 2007.
The national advertised average rent is now at a record high of €1,037.
The highest rate of inflation was in Cork city, where rents rose by a whopping 18% in a year.
Rents in Dublin are 5.2% higher than their previous peak in early 2008 with rents in Galway up 13.9% on last year.
Daft report author Ronan Lyons said: “Ahead of a new academic year, the latest figures highlight the severe shortage of accommodation for students. While a large number of purpose-built student apartments are either being built or are planned, these will take time to come on stream and will only cater for those on higher incomes. The majority of students will face tough choices about where to study and where to live.”
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