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THE AVERAGE MONTHLY rent in Ireland has surpassed €1,000 for the first time since 2008.
As well as this, the supply of properties for rent at the beginning of this month was at the lowest point on record – with fewer than 3,100 properties available nationwide.
This is in comparison to 4,300 last year and 23,000 in 2009.
The figures come from the latest Daft Rental Report for the first quarter of 2016.
They show a nationwide average rent of €1,006 per month. This marks the first time since May 2008 that the average has surpassed €1,000.
The biggest rise in rent prices in the last year came in Cork – with the average monthly rent there at €1,003, up 16% since last year.
There were significant rises in Galway, Limerick and Waterford as well.
Rental prices in Ireland’s largest cities
Dublin, average rent: €1,464
Year-on-year change: +8.8%
Cork: €1,003
Change: +16.0%
Galway: €900
Change: +12.7%
Limerick: €792
Change: +12.4%
Waterford: €687
Change: 11.1%
Shortage
In terms of supply, there were fewer than 1,100 properties available to rent in Dublin on 1 May.
This compares to an average of 3,800 for the decade of 2006-2015.
Commenting on the figures, Ronan Lyons, an economist with Trinity College Dublin and author of the report, said that the top priority of the government must be to address the lack of housing in the country.
“The severe shortage of rental accommodation has worsened in the last three months, a phenomenon reflected in rapidly rising rents in all parts of the country,” he said.
With the formation of a new government, a top priority must be to address the lack of housing of all kinds, including homes to rent.
This involves understanding the costs of construction, which are out of line with average incomes.
Breakdown of the average rent in counties across Ireland
Leinster
Munster
Connaught/Ulster
Most expensive and least expensive counties to rent
Note: Journal Media Ltd has shareholders in common with Daft.ie publisher Distilled Media Group.
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I sit here reading this article in a nice quiet room.. The only noise being the ringing in my ears, the wonderful Tinnitus.
Would be interested to try their product. Tried to get one called “GetDubs” and was kinda ironic that a Dub couldn’t get a set from Santa as they only ship in the US. Well.. The ringing goes on.
Answer the phone
€2,500 for the device. But as a tinitus sufferer myself its well worth it considering what you’d pay for hearing aids.
Sorry bad joke
Suffered from severe tinnitus for about two years, had all kinds of tests done on my hearing and ears, and even an MRI but they eventually told me id just have to put up with it. I could hardly sleep with the noise some nights.
Then one day it just stopped by itself and I haven’t had it in about 5 years. I wouldn’t wish it on my worst enemy.
Sterling Archer has mild tinnitus.
He was also the first to recognise the turtleneck as a tactical garment.
There are different types of tinnitus with different causes. What types of tinnitus does this treat? And what do they mean by “treat”? Existing “treatments” just play a sound designed to mask the tinnitus. They’re pointless.
There are some interesting strides into tinnitus treatment. The pointless one you speak of concerns tonal tinnitus, which aims to see if the damaged hair cells can be reset by using phase cancellation to stop the physical vibration which creates the sound people hear. This is where the individuals tinnitus tone is established (very hard job) and then played via a hearing aid type device. There have been promising results where someones tinnitus goes away for a period of time.
Other treatments which are similar aim to mask the sound. There are also psychological treatments which aim to help people take the focus off the sound. There are also diet related treatments where researchers see if specific foods make it better or worse. Coffee certainly can make it worse. Zinc calmed it down it others.
It may take a wee bit of scientific research to confirm your “pointless” conclusion and with a cure a long way off, these new jobs signify some investment in the condition, which is great!
No, the one I was talking about is a device that makes sounds designed to mask the tinnitus. It is pointless because the sound it makes is just as annoying as the tinnitus. it is not designed to reduce the tinnitus in any way, just mask it while you are wearing the device.
There was a project in Sligo that uses tones to treat short-term tinnitus caused by loud noise.
I have severe tinnitus accompanied by deafness. About a third of sufferers of tinnitus are in the same group as me. From this article, I have no idea if this treatment is designed for us.
I get a series of high frequency solid tones. I once tried to figure out my specific frequency using an app that makes the tone sound. But when I heard that tone, I realised that my tinnitus was made up of multiple simultaneous tones at slightly different frequencies. At lest 2, maybe more. All high-pitched, but still different frequencies.
Others experience sounds like an old phone ringing, clicking sounds etc. For all we know these are all different conditions with different causes.
I am in the same boat as you regarding having Tinnitus, but whether it annoys the person more is down to the individual for that individual treatment. This is the problem with trying to deal with something which we do not have a massive amount of understanding about and is why it is good to see investment into the condition and its many current avenues for treatment. Cures are totally different.
The latter part of your reply highlights the problems faced in developing a treatment. Your group of tones are personal to you, mine are personal to me and another could have a single tone. Then you have the group who don’t have tones, but have all manner of other sounds. Each credible treatment, including the masking, works on people, but it is a much more complex problem to get it to work for everyone.
So with that all said and done, there are going to be many sufferers who wont directly benefit from this companies treatment but the overall direction of investment and research will lead to understanding and a wider umbrella of helpful treatments.
I was always told that nothing can be done about it.
I’m going to stop drinking coffee now after reading this and try zinc tablets to see if it helps.
Thanks lads
You may find a better result from cutting caffeine out, and don’t use the zinc like tic tacs :p
50 Dublin jobs > 80 Cork jobs!?!
“Big news as Dublin firm finds cure for ingrown toenails, also Cork company find cure for cancer.”
Separate articles or at least a joint headline appropriate for these announcements I think.
The 80 Cork ones are coming online over the next half-decade, so rest assured they’ll be re-announced several times by various ministers and PR departments before you get their benefit.
Yeah Mark… here’s another headline for you…..”Company in the Capital finds five hundred ways country people with inferiority complexes to eat the chips off of their own shoulder!”
@Neal The 50 Dublin jobs are over the next 5 years also!
@Ally I love chips, the more the better.
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