Wexford rents are up by nine per cent

bY dAVID tUCKER

Published 19/11/2016 | 00:00

Rents in Wexford were on average nine per cent higher in the third quarter of 2016 than a year previously.

The average advertised rent is now €668, up 23 per cent from their lowest point, according to property website Daft.ie

Nationwide rents are up almost 12 per cent in the year to September, the largest annual increase in rents ever recorded by Daft.ie in its reports, which extend back to 2002.

In addition, at €1,077 in the third quarter of the year, the average monthly rent nationwide is at a new all-time high.

In Dublin, the annual rate of inflation in rents was 12.1 per cent, 9.3per cent higher than their previous peak in early 2008.

In Cork, rents rose by 14.4 per cent in the year to September, a slight easing of inflation compared to earlier in the year.

In Waterford city, rents have risen by 11.2 per cent in 12 months, while outside the major cities, the increase has been 10.9 per cent.

There were just over 3,600 properties available to rent nationwide on October 1, the lowest figure for October since the start of the series in 2006.

For comparison, two years previously, on October 1 2014, there were almost 6,000 properties listed nationwide.

Wexford People

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