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Longford had highest rent increase nationally in past year

Nov 22, 2022 08:25 By Shannonside News
Longford had highest rent increase nationally in past year
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The average rise in rental costs across the country in the last year was 14%

County Longford has recorded the highest rent increase in the country in the last year.

The latest report from DAFT.ie shows that the cost of leasing a property in the county has risen by 24.1% compared to the same period in 2021.

Longford, Leitrim and Roscommon have all recorded over a 20% rent rise in the past year, all three Shannonside counties saw the largest increases nationwide.

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The report shows the average price of renting a house in Longford now stands at €1,059.

Leitrim properties have recorded a rise of 22.3% with the average cost of renting now €907.

The rental increase for Leitrim is the second highest in the country with Roscommon taking third spot.

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Meanwhile in Roscommon the cost of renting has risen by 20.1% year on year at a monthly rate of €1,051.

Nationally rent rose by 14.1%, that's the highest year-on-year increase in market rents since the launch of the Daft Report in 2005.

 

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