rents in Mayo

  • Rents are rising more quickly in cities outside Dublin.

    A new Daft.ie report shows they've gone up by 9.8 per cent across the country to an average of 1,347 euro.

    There's been an 8.8 per cent increase in Dublin to just under 2 thousand euro in the last 3 months of 2018.

    However, rents are up 16 per cent in Limerick city and Waterford city compared to the previous year.

    Galway's seen rent rises of 13.1 per cent and in Cork city they were up 11.4 per cent.

    In Mayo, rents were on average 11.2% higher in the fourth quarter of 2018 than a year previously.

    The average advertised rent is now €719, up 39% from its lowest point.

  • Rents in Co Mayo rose by just over 9% in the year to December 2017, according to the latest report from property website Daft.ie

    Nationally, rents rose by over 10% last year, while in Mayo, rents were on average 9.1% higher in the final three months of 2017 than a year previously.

    The average advertised monthly rent in Mayo is now 647 euro.

    In Galway city, rents rose by over 12% last year to an average of 1,096 euro.

    Dublin saw an increase of almost 11% in rent prices, which now average 1,822 euro per month.

    Author of the report, economist Ronan Lyons, says the underlying pressure for rising rents remains due to a chronic shortage of available rental accommodation, at a time of strong demand.