Dundalk as it Happens
Rents in Louth rise by largest amount nationally in the last year
Rents in Co Louth have risen by 14.1% in the last year and now stand at an average of €1,086.
That’s according to the Daft.ie Q4 Rental Price Report, released today.
Not for the first time, the percentage increase in the Wee County was the largest in the country, matched only by Galway which was also up 14.1%.
Outside of Dublin, Louth is now the fourth most expensive county in the country to rent a home in after Wicklow (€1,256), Kildare (€1,212) and Meath (1,171).
The largest increase in Louth rents has been in relation to one bed apartments which were up 16.4% in the last year to an average of €789. Two bed houses were also up 14.9% to €903, with three bed houses up 14.2% to €1,077 and four beds up 14.3% to €1,174. The smallest increase was in relation to five bed houses which rose by 4.5% to €1,212.
In the last quarter of 2017 rents saw a further 1.9% growth.
The report also found that rents in Co Louth have now risen by 78% since bottoming out.