SINN FÉIN TD CALLS FOR GOVERNMENT ACTION AS RENTS SOAR IN CO MONAGHAN

12 August 2021 No Comments by The Northern Standard

The Daft.ie report showed that rents in the Ulster counties of Monaghan, Cavan and Donegal had risen cumulatively by 13.9% in the last year, reflecting a sharp fall in the availability of rental properties, with just 54 homes available to rent in the three counties on August 1 this year. “In Monaghan, rents were on average 12.8% higher in the second quarter of 2021 than a year previously,” the report stated. “The average listed rent is now €886, up 72% from its lowest point.”

Nationally, Daft.ie found that rents in the second quarter of 2021 were an average of 5.6% higher than the same period in 2020. The average monthly rent stood at €1,477 in the second quarter of 2021, up 2.4% on the first quarter and almost 99% from a low of €742 per month seen in late 2011. Ronan Lyons, economist at Trinity College Dublin and author of the report, said: “As the impact of Covid-19 on daily life begins to recede, the underlying issues facing Ireland’s rental sector are re-emerging. “It is a sector facing unprecedented shortages, with extraordinarily tight supply: to give just two examples of many, there were just 15 homes available…

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