07 Oct 2022

Rents rise 14.3% in Longford to €680 Rental Report

Rents rise 14.3% in Longford to €680

Rents rise 14.3% in Longford to €680

In Longford, rents were on average 14.3% higher in the third quarter of 2018 than a year previously. The average advertised rent is now €680, up 69% from its lowest point.

Also read: Two Longford farms up for auction this month

According to the latest quarterly Rental Report by, rents rose nationwide by an average of 11.3% in the year to September 2018. 

This represents the tenth consecutive quarter in which a new all-time high for rents has been set and also in which annual inflation in rents has been greater than 10%.

The average monthly rent nationwide during the third quarter of 2018 was €1,334. This is €304 per month higher than the previous peak in 2008 and over €590 higher than the low seen in late 2011.

Also read: Center Parcs employees from the UK are already buying property in Ballymahon, says local auctioneer

In Dublin, the increase in rents in the year to September 2018 was 10.9% and rents in the capital are now 36%, or over €520 a month, higher than their previous peak a little over a decade ago.

Rents continue to rise rapidly in other cities also. In Limerick city, rents were 20.3% higher than a year ago, while in Waterford, the increase was 19.7%. Galway saw its rents increase by 16.1% in the same period, while in Cork, rents rose by 13.7%. Outside the five main cities, rents rose by an average of 10.6%.

There were 3,214 properties available to rent nationwide on November 1st. This marks a 4.5% decrease on the same figure a year ago and the lowest total for November on record (since 2006). There has been a small increase in availability in Dublin (up 6.4%) but this was more than offset by falls in availability elsewhere, in particular elsewhere in Leinster (down 15%) and in Munster (13%).

Commenting on the report, Ronan Lyons, economist at Trinity College Dublin and author of the Daft Report, said: “The latest figures, showing a further strong rise in rents around the country, may not be surprising. Nonetheless, the condition of the private rental market remains a cause for huge concern, with very strong demand not being met by supply. A comparison of the country’s households and its dwellings reveals an acute shortage of apartments, not family homes. However, the recent increase in residential construction is being driven by estate houses, not apartment schemes. Dramatically increasing the construction of urban apartments, for both market and social housing sectors, must become the priority for policymakers in 2019.”

Martin Clancy from said: “We’re seeing continuing increased traffic and demand across all our platforms. On average over 1,000 property searches are now taking place every minute on”

Also read: Scientist with Longford roots discovers new way to tackle cancer

To continue reading this article,
please subscribe and support local journalism!

Subscribing will allow you access to all of our premium content and archived articles.


To continue reading this article for FREE,
please kindly register and/or log in.

Registration is absolutely 100% FREE and will help us personalise your experience on our sites. You can also sign up to our carefully curated newsletter(s) to keep up to date with your latest local news!

Register / Login

Buy the e-paper of the Donegal Democrat, Donegal People's Press, Donegal Post and Inish Times here for instant access to Donegal's premier news titles.

Keep up with the latest news from Donegal with our daily newsletter featuring the most important stories of the day delivered to your inbox every evening at 5pm.