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Leitrim records significant increase in rent

Aug 10, 2022 07:08 By Shannonside News
Leitrim records significant increase in rent Leitrim records significant increase in rent
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Rents have increased all over the country but especially in the Shannonside region.

Letirim has recorded the highest rent increase in the country in the last year.

That’s according to the latest report from DAFT.ie which shows the cost of leasing a property in the county has risen by 21.3% since 2021.

While Leitrim has seen the biggest hike when it comes to rent increases, the cost of leasing a property is on the lower end of the scale at 843 euro.

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Longford rents have the next highest increase at 19.9%, where the costs average at 975 euro.

In the last year the price of leasing in Roscommon has jumped by 18.1% to an average of 980 euro.

While rents in Westmeath are up 13.4% at 1,269 euro.

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In the Northern Sound region Cavan’s rental prices have risen by 18.3% to 1,012 euro while Monaghan recorded a hike of 16.7% at 981.

The report finds that Housing stock for the rental market is at an all-time low with lease prices seeing an average nationwide hike of 12.6%.

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