Rental Market – falling rents with more choice
Rents countrywide have fallen to their lowest levels in over two years, new figures show, and they are likely to keep falling for at least another 12 months.
Property website Daft.ie says that in the past three months, rents have dropped by an average of 3% across the country due to what it called the dramatic increase in the number of properties available to rent.
At the start of November, Daft.ie says there were over 18,000 properties available to rent nationwide, up a massive 133% on the same time last year.
Three of Dublin's commuter counties - Meath, Louth and Kildare - have been among the most seriously affected, with rents there falling over 5% in the last 12 months.
Source: www.rte.ie
Property website Daft.ie says that in the past three months, rents have dropped by an average of 3% across the country due to what it called the dramatic increase in the number of properties available to rent.
At the start of November, Daft.ie says there were over 18,000 properties available to rent nationwide, up a massive 133% on the same time last year.
Three of Dublin's commuter counties - Meath, Louth and Kildare - have been among the most seriously affected, with rents there falling over 5% in the last 12 months.
Source: www.rte.ie
