Rents rise by 6% in Kilkenny with the average rent at €1033

Mary Cody

Reporter:

Mary Cody

Email:

mary.cody@kilkennypeople.ie

Rents rise by 6% in Kilkenny with the average rent at €1033

In Kilkenny, rents were on average 6% higher in the third quarter of 2020 than a year previously. according to the latest figures from leading property website, daft.ie

The average listed rent is now €1033, up 81% from its lowest point.

The national average listed rent rose by 1.2% between June and September, according to the latest Daft.ie Rental Report releasedby Ireland’s largest property website, Daft.ie. The jump offsets a fall of 1.4% in the second quarter, following the outbreak of Covid-19 and means that the average monthly rent nationwide in the third quarter of 2020 was €1,419, up 1.2% on the same period in 2019 and 91% higher than its lowest point in late 2011.
There was a noticeable difference in trends in Dublin and elsewhere in the country. In Dublin, rents were largely stable between June and September, rising just 0.2%, and are 0.8% below the same period in 2019. Outside Dublin, rents rose by 2.9% in the third quarter and are now 3.3% higher than a year ago. The largest increases in rents has been in the main cities (excluding Dublin) and in the rest of Leinster. Rents in Cork, Galway and Waterford cities are roughly 5% higher than a year ago, while rents in Limerick are 3.4% up year-on-year. In Leinster (outside Dublin), rents vary from 4% higher in Wexford to 7% in Carlow. Rents are also higher than a year previously in Munster (up 2.8%) but are 1.5% lower in Connacht-Ulster.