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Rent In The Midlands Continues To Rise Despite Pandemic

Wednesday, 12 May 2021 07:07

Offaly has seen the largest yearly increase of 8%.

14 months into a global pandemic and the cost of renting in the midlands continues to rise.

Offaly has seen the largest yearly increase of 8%.

Westmeath is now the fifth most expensive county in Leinster outside of Dublin to rent a home, Laois is 7th and Offaly 9th.

The average rent in the Lake County now stands at €1,082, up 3.4% in the last quarter and 6.6% in 12 months.

Laois isn't far behind at €1,056 on average for a 3.2% rise so far this year and more than 5% in the year to May.

Offaly remains the most affordable county by a whisker with prices of €1,010 on average, up 3.3% in 2021 and a whopping 8% since this time last year.

It coincides with a further drop in housing stock.

Less than 400 homes were available for rent outside the capital on May 1st.

That's a reduction of 26% since the onset of covid-19.

Nationally Leinster is the least affordable province to live in followed by Munster, the border region and Connacht.

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