Cost Of Rent In The Midlands Continues To Rise

Daft.ie has released the latest rental figures.

The cost of renting in the midlands is continuing to rise. 

Latest figures from the Daft.ie rental report for Quarter One of 2020 show a 4.7% increase across the region.

Tenants in Westmeath are still paying the most on average at €1,016 per month. 

That's an increase of 1.5% in the first quarter and over 6% on the same time in 2019. 

But those renting in Laois have seen the biggest percentage rise in the last 12 months at 7.3%.  

That puts the median cost of leasing a property in the O'Moore County at €1,002, up 1.3% in the first four months of 2020. 

Offaly remains the most affordable in the region with an average cost of €935 a month. 

Though it has the joint highest quarterly jump in Leinster, along side Kilkenny and Carlow at 1.9%. 

The year-on-year change in the Faithful County was 5.7%.

Just 520 properties were listed for rent across Leinster in April, the lowest figure since records began in 2006. 

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