Rents in Louth now up 75 per cent from their lowest point

daft.ie

Staff Reporter

Reporter:

Staff Reporter

Rents in Louth now up 75 per cent from their lowest point

Rents in Louth now up 75 per cent from their lowest point

The latest Rental Price Report by Daft.ie shows that rents in Louth were on average 16.7% higher in the third quarter of 2017 than a year previously.

The average advertised rent is now €1066, up 75% from its lowest point.

Rents rose nationwide by an average of 11.2% in the year to September 2017, according to the report.

The average monthly rent nationwide during the third quarter of 2017 was €1,198, the sixth quarter in a row a new all-time high has been set.

The rate of inflation represents a slight slowdown in inflation from the rate recorded in the second quarter of 2017 (11.8%); the largest on record was the 13.5% increase recorded in late 2016.