Monday, November 13, 2017

Rents in County Roscommon have increased by 7% in the year to September 2017 according to latest figures. The average advertised rent is now €613, up 24% from its lowest point. The figure in Roscommon is lower than the nationwide average of 11.2% according to the latest quarterly Rental Price Report by Daft.ie. 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. In Dublin, the increase in rents in the year to September 2017 was 12.3% and rents in the capital are now almost 23% higher than their previous peak in 2008, or €330 a month. The annual rate is unchanged from the second quarter and this is largely true of rents in the other major cities. In Cork, rents rose by 5.3% in the year to September, while in Galway, rents were 9.8% higher than a year previously. Outside the five main cities, rents have risen by 10.8%.

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