Rents in Kilkenny rise by 11% according to latest report
In Kilkenny, market rents were on average 11% higher in the final three months of 2022 than a year previously according to the latest report from property website, Daft.ie
The average listed rent is now €1,290, up 116% from its lowest point.
Nationally, market rents in the final quarter of 2022 were an average of 13.7% higher than the same period a year earlier, as availability of rental homes remained near an all-time low.
According to the website there is only one property available to rent in Kilkenny City and nine in the county.
As in recent quarters, the increase in market rents around the country is driven extraordinary shortages in the availability of rental accommodation.
Nationwide, there were just 1,096 homes available to rent on February 1, down over 20% on the same date a year ago and roughly one quarter the average level of availability during 2015-2019.