September 24, 2020
Business News

Up, up, up: Rents in Waterford continue to rise despite pandemic

House rental prices in County Waterford have risen 1% by higher than a year previously while Waterford City also saw a rise of 0.2%.

Average rents now stands at €965 and €1,014 in the county and city respectively, new figures reveal.

The latest housing market report from Daft.ie reveals average monthly rents rose by an average of 1.2% in the year to July.

The new monthly report gives key figures on the health of both sale and rental markets, with figures for the sales market showing prices on average unchanged in July compared to a year ago.

The average listed sale price nationwide in July was €259,733, while the average monthly listed rent was €1,412.

Rents in Dublin are largely unchanged, year-on-year, having risen by just 0.2% in the last 12 months to July.

In the rest of Leinster and in Munster, rents have risen in the last year – by 3.3% and 2.7% respectively. In Connacht and Ulster, however, rents are 0.6% lower than a year ago.

In the sales segment, prices have risen in both Dublin (+1.2%) and the rest of Leinster (+2.1%) in the last 12 months, but have fallen elsewhere in the country – by 2.8% in Munster and by 2.5% in Connacht and Ulster.

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