Rents in Clare have risen by more than 12% in the last year.
The latest Daft.ie report shows the average monthly rent for a home in the county stands at over €1,200.
The average rent for a property in Clare now stands at €1,287, according to Daft.ie’s rental property price report for the second quarter of 2023.
The largest price hike in this county has been in two-bedroom houses climbing to an average monthly rental price of €1,005, a 15% rise on last years figures.
Every property type saw an increase in year on year rental costs across Clare’s portfolio with five-bed houses having the smallest rise at 6% to €1,539.
Meanwhile, the report shows a mortgage payment for a three-bedroom house is more than 37% cheaper than its rental cost.
A mortgage payment for such a property costs approximately €742 which is a difference of over €400 on what it would cost to let.
In addition, the largest difference in buying or renting can be seen in one-bedroom apartments in Clare.
It’s 48% cheaper to pay a mortgage on an apartment, than it would be to rent it.
There are currently 18 properties available to rent in the county.
