Midlands 103

Search

Listen Live

On Air Now

10:00pm - Midnight

The V.I.P - Very Irish Playlist

Derek & The Dominoes

Layla

New Midlands Tenants Getting Disproportionate Rent Increases

Thursday, 8 February 2024 09:39

A large disparity has emerged between the rise cost of rent for new tenancies and old.

Rents across the midlands are on the rise according to the latest data from the Rental Tenancies Board.

Renters in Westmeath saw the biggest increase in the region when compared to Q3 of 2022.

The cost of a new tenancy has increased there by just under 15% over a 12 month period.

Offaly saw a 14% increase, while Laois rents increased by 13.2%.

Westmeath is also the most expensive county in the region for a new tenancy at just under €1,200 per month, it's €1,100 for Laois, and just under that figure for Offaly.

Existing tenants in the midlands have seen rises of just 3.7% in Laois, 5.9% in Offaly, and 6% in Westmeath.

Nationally, average rents in new tenancies grew by 11% year-on-year in the third quarter of last year.

That compares to renters in existing tenancies, which saw increases of 5.2%.

The housing charity Threshold CEO John-Mark McCafferty says renters are being caught up in a vicious cycle:

More from Midlands News

€114m Westmeath Wastewater Upgrade Complete

The project is expected to support future growth and improve the River Shannon's water quality.
Mary O’Rourke Praised As “Hard Working” At Bridge Naming Ceremony

Mary O'Rourke held ministerial roles throughout the 80s, 90s and 2000s.
No Mini Budget Planned Despite Pressure Over Fuel And Energy Prices

Calls have been made by opposition parties for immediate supports.
Africa Day Celebrations Kick Off Across The Midlands

Westmeath will begin their hosting events first.
Tánaiste Hails ‘Proof’ Of Help to Buy Scheme Success Across The Midlands

Laois leads the way across the midlands region.
Westmeath Woman Recounts Israeli Interception

Louise McCormack is part of the Global Sumud Flotilla sailing to Gaza.
Man Charged In Connection With Fatal Offaly House Fire

A man in his 20s is to appear before Tullamore District Court this evening.
Mercosur Trade Deal Kicks Into Action Ahead Of European Court Ruling

There has been widespread opposition to the deal from Irish farmers.
Westmeath Woman "Deeply Ashamed" Of Spitting Incident

60 year old Ann Creagh of Harbour Street in Ballynacargy was in Mullingar District Court this week.
Taoiseach Pays Tribute To Mary O'Rourke At Bridge Dedication

Micheál Martin will be in Athlone for the official opening of Athlone's new cycleway crossing.
Midlands Walking Club Celebrates 30th Anniversary This Weekend

Slieve Bloom Walking Club has a range of expeditions planned for the bank holiday weekend.
OPW Minister Wants "Grown Ups" To Resolve Children's Science Museum Fallout

The legal bill for the postponed project is estimated at €1m.
Offaly TD Criticises VAT Disparity For Beauty And Nail Salons

Hairdressing services will be subject to a 9% VAT rate come July 1st.
Laois Council Launches Clinics For Vacant Home Grants

The clinics run across the months of May and June.
Former Children's TV Presenter Revisits Midlands Towns On Nostalgic Journey

Timmy Mallett visited Athlone, Shannonbridge and Birr.
€7m Shannon Callows Flood Plans Facing Key Hurdles

The project aims to ease flooding by removing bottlenecks.
Appeal Lodged Against New Lidl Development In Laois

Approval for a new supermarket in Mountmellick was confirmed by Laois County Council last month.
Housing Completions Jump Sharply In Laois In Early 2026

The figures are down in Offaly and Westmeath.
Bressie To Perform At Oprah Winfrey Dublin Show

Mullingar's Niall Breslin will be joining Pendulum Summit this September.
Daniel Kinahan To Be Held In Laois Prison

The cartel boss will be detained in A Block of Portlaoise Prison.

Download Our App

Never miss a moment from Midlands 103