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Average Donegal rent now nearly €600pm 14.11.17

TENANTS in Donegal are now paying just under €600 a month on average to rent a home, new figures show.
The data from Daft.ie shows that rents in the county were on average 5.5% higher in the third quarter of this year compared to a year previously.
The average advertised rent is now €592, up 22% from the lowest point.
By contrast, rents rose nationwide by an average of 11.2% in the year to September 2017, according to the company's latest quarterly rental price report.
The average monthly rent nationwide during the third quarter of 2017 was €1,198, the sixth quarter in a row that a new all-time high has been set.
Meanwhile, another report out today by the Economic and Social Research Institute (ESRI) shows that house sale prices are expected to rise by at least 20% in the next three years.
Daft report author and Trinity College economist Ronan Lyons said rental prices continued to rise at near record levels due to the "worsening shortage of accommodation".
He said 46 out of 54 regions now show rents that exceed Celtic Tiger highs.
"Rents in some parts of Dublin have now risen by 90% from their lowest levels in 2011.
“It is now increasingly agreed that the country needs at least 40,000 and probably closer to 50,000 new homes a year, to meet underlying demand," said Mr Lyons.
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