Despite Covid average rent is up 2% to €1,252 – Drogheda Independent

Despite the hardship caused by the COVID-19 pandemic, the average rent in Co. Louth in the second quarter of 2020 is 2% higher than a year previously at €1,252.

That is according to the daft,ie July Housing Market Report, which also reveals a shortage of rented accommodation remains.

Nationwide, the average monthly rents rose by 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.

Commenting on the findings, Ronan Lyons, economist at Trinity College Dublin and author of the Daft Report, said: ‘Both sale and rental segments show very little fall-off in housing prices since the start of the COVID-19 pandemic,

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