Rents rising in Kildare

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Kildare students looking to rent accommodation near Dublin colleges face a 7% increase in prices from a year ago, according to a recent quarterly Daft.ie Rental Report.

Kildare students looking to rent accommodation near Dublin colleges face a 7% increase in prices from a year ago, according to a recent quarterly Daft.ie Rental Report.

Rental prices outside of Dublin have risen by 1% over the same period. Nationwide, the average rent is now €825, compared to €792 a year previously.

Rents in Dublin’s commuter counties rose by an average of 2.8% in the year to mid-2013, compared to a fall of 1.1% a year previously. In Kildare, rents were on average 3.7% higher in the second quarter of 2013 than a year previously. The average advertised rent is now €794, a fall of 28% from the peak.

Driving the increase in Dublin rental prices is the 43% fall in the number of available properties to rent, with 2,394 properties available for rent at the start of this month, compared to 4,212 at the beginning of August 2012.

Other cities outside Dublin have seen a combined 27% fall in the number of properties available to rent during the last twelve months. Prices have risen annually in Cork and Galway by 2% and 3% respectively, whilst staying stable in Limerick and falling by 3% in Waterford.

Commenting on the report, Ronan Lyons, Economist with Daft.ie, said: “Demand for accommodation remains strong in urban areas, especially in Dublin. As a result, with properties shifting faster, students may feel more rushed when looking for accommodation for the year ahead. Outside Dublin, though, rents are more or less in line with the levels charged last year.”