Longford rents stay static

The average rent in Longford is recorded at €465 (first quarter 2011), which is a fall of €150 from the peak in 2007.

The average rent in Longford is recorded at €465 (first quarter 2011), which is a fall of €150 from the peak in 2007.

The figures, which were recently released by property website DAFT.ie, show that rents across the midlands counties of Longford, Laois, Westmeath and Offaly have stayed largely static, falling just 0.1 percent.

In terms of students moving to college locations throughout the country, the website has noted that the fall in rents appears to have slowed.

“Rents across the country were static in the second quarter of 2011. In July, the average asking rent in the country was €823 per month, the same level as twelve months previously,” said a spokesperson for DAFT.ie

Rents in Dublin and Galway have remained static over the past twelve months, while they rose strongly in Cork city - by an average of 4.7 percent.

In Waterford and Limerick cities, rents are about 2 percent lower than last year. Elsewhere in the country, rents are down by 2.6 percent on average.

With Leaving Certificate results out this week (Wednesday, August 17), the latest figures will make interesting reading for new and returning college students.

Having fallen for three years in a row between 2007 and 2010, rents are on average unchanged compared to a year ago. Compared with 2008, students renting a two-bedroom property could expect to save over the course of the academic year €1,500 in many parts of the country and up to €4,000 in some parts of Dublin.

“However, not all areas have seen static rents and the cost of accommodation for students still varies significantly around the country. Rents for double-rooms have fallen by 2-3 percent in many parts of the country, but rose sharply in Limerick city and in Letterkenny. The average cost for a double room in Dublin city centre is about twice the cost of renting in towns like Castlebar and Letterkenny,” said DAFT.ie.