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RENT IN IRELAND is rising rapidly, with the capital hardest hit.
Rents in Dublin were up 14 per cent in the first quarter of 2014, compared to the same time last year.
Overall, rents are up 9 per cent higher than this time last year.
Rents rose in every county outside Connacht and Ulster, with the biggest annual increase of 14 per cent coming in Dublin city centre.
The average rent nationwide is now €888, up €69 from the lowest point in 2011.
Rents rose in all city centres, with Cork and Galway cities both experiencing a six per cent rise. Limerick and Waterford rose by five and one per cent, respectively.
Rents in Dublin’s neighbours also saw rises, with Wicklow and Kildare both up by 9 per cent.
Outside of the cities, rents rose by an average of 4 per cent, whilst the number of properties available for rent is now under 4,000 – down from 11,000 two years ago.
Commenting on the report, Ronan Lyons, economist at TCD and author of the Daft Report, said that the report showed just how bad housing in Dublin was becoming.
“This latest Daft.ie Report shows that the housing crisis in Dublin is getting worse. The solution is not capping rents, which will limit the supply of new homes, but rather addressing the underlying problems, in particular streamlining the cost of land and of regulation.”
Daft.ie is part of the Distilled Media Group. Journal Media Ltd has shareholders – Brian and Eamonn Fallon – in common with Distilled Media Group.
Read: Is this the solution to Ireland’s social housing problems?
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The instinct for survival is astonishing.
God doesnt cause earthquakes Einstein.
Its called a Natural Disaster
Einstein didnt believe in God
Bear Grylls will be proud.
It’s full of protein.
hopefully not the only survivor, well done to those involved with saving him!
Guess god is not available right now. But you will be sure his reps will be!
On the piss.
Hopefully in this case it is a case of not able to reach communication. Devastating event. One thing I have noted is the different countries all working together to help the people. Long may of continue. I wonder will Daly and Wallace be protesting at the 2 US Boeing C-17 aircraft sent over to help in the effort if they refuel at Shannon?
@John Reese. Well said John. Also the Israelis have set up a field hospital operational to-day and treating 200.+patients per day. 130 medical team in a 230 group rescue group sent over.
_“The field hospital will deal with various types of medical issues that come up, including a surgical department, obstetrics, a laboratory for blood samples, and other emerging medical issues,” said Weiss. “We also have an eye doctor and other types of specialists.”
There will be 60 beds and the capacity to treat at least 200 people per day.”
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@John Reese. Well said John. Also the Israelis have set up a field hospital operational to-day and treating 200.+patients per day. 130 medical team in a 230 group rescue group sent over.
_“The field hospital will deal with various types of medical issues that come up, including a surgical department, obstetrics, a laboratory for blood samples, and other emerging medical issues,” said Weiss. “We also have an eye doctor and other types of specialists.”
There will be 60 beds and the capacity to treat at least 200 people per day.”
@John Reese. Well said.
Guess God wasn’t available .
Leave my father alone!
have your say