The average rent in County Kildare was €1,368 between April and June this year, which is 2% higher than a year previously. That's according to the latest Daft.ie Housing Market Report, which also showed that the average listed sale price nationwide in July was €259,733, while the average monthly listed rent was €1,412.
Rents in Dublin are largely unchanged, year-on-year, having risen by just 0.2% in the last 12 months to July. In the rest of Leinster and in Munster, rents have risen in the last year – by 3.3% and 2.7% respectively. In Connacht and Ulster, however, rents are 0.6% lower than a year ago. In the sales segment, prices have risen in both Dublin (+1.2%) and the rest of Leinster (+2.1%) in the last 12 months, but have fallen elsewhere in the country – by 2.8% in Munster and by 2.5% in Connacht and Ulster.
There were just 19,538 properties for sale nationwide on August 1, down 22% year-on-year and the lowest August total since 2006. In the rental market, however, availability has improved, with 41% more properties for rent on August 1 this year, than on the same date a year ago. This increase is driven by Dublin, where stock on the market is almost twice what it was a year ago – elsewhere in the country, availability is largely unchanged.
Commenting on the report, Ronan Lyons, economist at Trinity College Dublin and author of the Daft Report, said: “Both sale and rental segments show very little fall-off in housing prices since the start of the Covid-19 pandemic, despite the extraordinary economic contraction. Various policy supports, for both owner-occupiers and tenants, appear to have made prices sticky. Nonetheless, given the potential for successive waves of Covid-19 in Ireland, this may be tested in the coming quarters. As it stands, both sale and rental segments appear to have weathered the initial impact of the pandemic and the underlying shortage – especially of rental accommodation – remains.”
Subscribe or register today to discover more from DonegalLive.ie
Buy the e-paper of the Donegal Democrat, Donegal People's Press, Donegal Post and Inish Times here for instant access to Donegal's premier news titles.
Keep up with the latest news from Donegal with our daily newsletter featuring the most important stories of the day delivered to your inbox every evening at 5pm.