Rental costs rise 12.2% annually in Co Louth

Renting a property in Co Louth is 12.2% more expensive than a year ago.

That’s according to the latest Daft.ie Rental Report for Q2 2015.

The report reveals that the average rent in Co Louth is now €761 a month, making it the fourth most expensive place to rent at present outside of the major urban areas of Dublin, Limerick City, Galway City and Cork City.

The full breakdown of average rental costs for Louth is as follows:

• One bed apartment – €521 (13.6%)
• Two bed house – €595 (15.2%)
• Three bed house – €744 (13.4%)
• Four bed house – €806 (14.6%)
• Five bed house – €867 (17.3%)

Rental costs up 12% in Louth in the last year

The cost of renting a property in Co Louth has jumped 12% in the last year.

That’s according to the latest figures from property website Daft.ie, which found that the average montly rent in the Wee County now stood at €728.

Outside of the cities, only Wicklow, Kildare and Meath were more expensive to rent in with the rate of increase ahead of the 8.2% national average.

It was just below the 14% increase in rental rates in the commuter counties surrounding Dublin though.

Rent up almost 11% in Louth in the last year

The average rent in Co Louth jumped by more than 10% in the last year.

That’s according to the latest Daft.ie Rental Report for Q4 2014, which found that the average renter in the Wee County is now paying 10.9% more on renting property than a year ago.

According to the property website the average rent in Louth now stands at €710 – the seventh highest figure nationally after Dublin, Wicklow, Kildare, Cork City, Galway City and Meath.

The increase of 10.9% was also only bettered by Kildare (15.5%), Wicklow (14.2%), Meath (13.8%), Dublin City Centre (13.6%), North Dublin City (12.5%), West Dublin County (12.5%). That put it ahead of the national average rental increase of 9.7%, with the number of available properties at its lowest level since August 2007.

Rents on the rise in Louth

 

Rents in Louth have risen by 8.5% in the last year, according to the latest rental report from property website Daft.ie.

The report found that the average rent paid in the Wee County now stands at €689 with the year-on-year increase the fourth largest in the country outside of Dublin after Kildare (13.5%), Wicklow (12.9%) and Meath (10.9%).

Louth is also the seventh most expensive county to rent in nationwide after Dublin, Cork, Galway, Wicklow, Kildare and Meath.

Every county in the country experienced an increase in rents in the last year, largely as a result of dwindling stock which is now at its lowest figure since May 2007.

The billion euro house in Muirhevnamor

We’ve all heard the reports about rising property prices around the country but needless to say it caught our eye this morning when we seen a three bed house in Muirhevnamor advertised on Daft.ie at over €1.2 billion.

The price of the property at 41 Doolargy Avenue – €1,234,567,890 – is all the more surprising considering it has been boarded up and is advertised by estate agent Brendan McVerry as being “in being in need of refurbishment”.

While the price is quite clearly an error, it has been advertised as such for the last 13 days without correction.

Certainly, if it isn’t a mistake you’d have to be daft – and indeed very rich – to make this purchase.

Rental prices continue to rise in Louth

The cost of renting in Louth rose 3.9% last year, according to the latest Daft.ie Rental Report.

The average price of a rental property here is now €641, according to the report.

Despite the increase, it is below the national increase of 7.1% and the increase in the Dublin commuter counties of 6% with increases in Meath, Kildare and Wicklow all higher.