Ireland business Housing Ireland

40% more rental properties available compared to April 2019, report shows

Reading now: 182
www.rte.ie

Rents fell by 2.1% on average last month compared to March, reflecting the economic fallout from the Covid-19 pandemic. This represents the biggest monthly fall in rents since March 2009.

The average monthly rent nationwide stood at €1,418 in the first quarter of 2020, the figures show. The latest Rental Report by Daft.ie also shows the number of homes available to rent nationwide on 1 May was almost 40% higher than on the same date a year ago.

The author of the report, Assistant Professor of Economics at Trinity College Ronan Lyons, said a fall in demand for accommodation has impacted rent prices nationally, which the latest Daft.ie report shows.

Read more on rte.ie
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA