Rental prices in Clare have risen by nearly 18 percent in the past 12 months.
Increases in this county in the past year are among the highest in the country.
Daft.ie’s Rental Report for the third quarter of 2021 has been released today and it doesn’t make pleasant reading for those renting homes in Clare.
The average rent in the Banner now costs €1,061, which is more than double what it was at its lowest point.
It’s a rise of more than five percent in the past three months and 17.8 percent in the past year.
Only Kerry, Galway County, Mayo, Sligo, Donegal and Leitrim have seen higher percentages increases in the same timeframe.
The report suggests a one bedroomed apartment in Clare now costs an average of €726 a month to rent, with a two bedroomed property setting renters back 100 euro more.
The analysis suggests that in some cases homeowners in this county would be paying less than half of average rental costs on mortgage repayments.
It’s the fourth consecutive quarter that rents rose in all nine available markets in Munster.
Just 236 homes were available to rent in the entire province at the beginning of this month – with the average number back in 2019 having been three times that figure.
The full report can be viewed here