THE cost of renting
accommodation in Donegal rose by 3.6% from April to
June this year with the average monthly rent now at
This monthly average is up 10% from the lowest point
in the recession, according to the latest Daft.ie
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
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.”