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Midlands Rent Prices Up Nearly 10%

Monday, 20 May 2024 07:13

That's among the findings of Daft.ie's new report.

The average cost of rent in the midlands has jumped by nearly 10% year-on-year.

Daft.ie's Rent Price Report has found that's a significant reduction on last year's increase, which was 14.5%.

However, the cost of rent in the region is up nearly 50% when compared to pre-pandemic levels.

Nationally, the average rental price is more than €1,800 per month.

Author of the report, economist Ronan Lyons, say Dublin prices are lowering the national average:


The number of homes available to rent in the midlands has jumped by over a quarter.

Daft.ie's Rent Price Report has found there were 65 homes on the market at the start of May, up 27 percent year-on-year.

However, that figure is still well below the average of the late 2010s.

Author of the report, Economist, Ronan Lyons, says building rental accommodation down the country isn't profitable:

 

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