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
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
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.