This article is from page 6 of the 2014-06-17 edition of The Clare People. OCR mistakes are to be expected so download the original SWF or the rendered page 6 JPG
THE COST of renting a house in Clare continues to fall, despite anecdotal evidence of a recovery in the property market in the county.
The average monthly rent paid by Clare people in for the first quarter of 2014 was € 513 – a drop of € 4 on the € 517 per month average recorded over the same period last year. These figures represent a 25.2 per cent decrease on the average monthly rent of € 686 which was recorded for Clare in 2008. The report also signals a clear disparity in the cost of renting a domestic property in different parts of Clare.
The least expensive place to rent a home is Kilrush – with an average monthly rent of € 469 per month while Newmarket on Fergus was the most expensive Clare location at € 582 per month. Sixmilebridge comes in at € 576 per month, Shannon at € 573, with Ennis at € 511 and Killaloe at € 544.
These Clare figures are in contrast to the national average where a year on year increase of 3.5 per cent was recorded for the first three months of 2014.
The largest increase was in the apartment sector – where average rents have climbed by 5.6 per cent while the cost of renting a house has increased by 1.6 per cent.