Louth rents up by 3.9% on previous year’s figures

Rents in Louth increased by 3.9% in Louth compared to the same period in the previous year.

In Louth, rents were on average 3.9% higher in the fourth quarter of 2013 than a year previously.

The average advertised rent is now €641, up 4% from their lowest point in 2013.

Rents in Dublin’s commuter counties rose by an average of 4 per cent in the year to December 2013, compared to a fall of 0.6% a year previously.

The year-on-year increase in the average rent nationwide accelerated to 7.1% in the final quarter of 2013, up from 2.2% a year previously, according to the quarterly Daft.ie Rental Report released today. The average advertised rent nationwide is now €865, compared to €790 two years ago.

Commenting on the report, Ronan Lyons, economist at TCD and author of the Daft Report, said: “The on-going acute shortage of rental accommodation in Dublin continues to affect rents in the capital. With no sign of new supply coming on stream any time soon, the onus is now on the government to encourage construction in the capital.

“Elsewhere, rents are largely stable, although if rents continue to rise at close to 5% a year in other cities and in Leinster, this will be problematic for Ireland’s competitiveness.”


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