Dundalk as it Happens
Average rent in Louth now €100 dearer than at the height of the boom
The cost of renting a property in Louth has risen by a massive 16.7% in the last year to an average of €1,066 – putting them at more than €100 dearer than at the height of the boom.
That’s according to the latest rental price report for Q3 2017 from Daft.ie, released today.
The increase in percentage terms is the largest of an area in Ireland, followed by Dublin City Centre at 15.5%.
It follows on from the average cost crossing the €1,000 mark to hit €1,024 in Q2. The percentage rise has slowed slightly having stood at 17.5% at the halfway point of the year.
Despite this it remains well above the national average increase of 11.2%.
Rental prices in the county have now risen by 74.6% since their lowest point and have risen by another 4.1% in the last three months.
Rentals in the county are now at their highest level on record having surpassed the average of €965 at the height of the boom.
The biggest rise has been in relation to one bed apartments, which are up 19.5% in the last year to €767. There has also been an increases of 18.9% in relation to 2 bed houses, which now command an average of €889.
Meanwhile, the price of a 3 bed house was up 18.1% to an average of €1,065 while 4 beds were up 18% to €1,158.
Five beds have seen the slowest growth at 7%, with the average property of this size now renting for €1,179.