Daft.ie report shows Kilkenny rents have dropped

RENTS in Kilkenny have fallen by 1.2% to an average monthly total of €632 - 20% lower than at its peak.

RENTS in Kilkenny have fallen by 1.2% to an average monthly total of €632 - 20% lower than at its peak.

Yet the average rent nationwide in the first quarter of 2012 was largely unchanged from a year previously (down 0.1%), according to the latest report published by Daft.ie.

This marks the eighth consecutive quarter of stable rents, with the average rent nationwide now €812.

The national average hides different trends in Dublin and Cork compared to the rest of the country.

Dublin rents in the first three months of 2012 were 1.2% higher than a year previously, with city centre rents up 2.1%, while in Cork, city rents are 5.5% higher. Rents in Galway city are largely stable (down 0.4%), while in Limerick and Waterford cities, rents fell by 1.7% and 3.6% respectively. Waterford’s average monthly rent is €617.

Elsewhere in the country, rents fell by an average of 2.1%.