Rents on the rise, report finds
on 19/08/2013 08:55:25
As students receive their first-round CAO offers today the focus will now turn to finding accommodation.
Those looking to rent accommodation near Dublin colleges face a 7% increase in prices from a year ago.
The report attributes this increase to the reduction in the number of available properties to rent, with over 2,300 properties available for rent at the start of this month, compared to over 4,200 at the beginning of August last year.
Outside Dublin, prices have increased annually in Cork and Galway by 1.8% and 2.7% respectively.
Prices have dropped in both Limerick and Waterford.
"Demand for accommodation remains strong in urban areas, especially in Dublin," said Ronan Lyons, economist with Daft.ie.
"As a result, with properties shifting faster, students may feel more rushed when looking for accommodation for the year ahead.
"Outside Dublin, though, rents are more or less in line with the levels charged last year.
"This gap between Dublin and much of the rest of the country is a trend seen consistently over the last 12 to 18 months."
Year-on-year change in rents - major cities, Q2 2013
Dublin: €1,148, up 7.5%
Cork: €806, up 1.8%
Galway: €792, up 2.7%
Limerick: €642, down 0.2%
Waterford: €591, down 2.7%