Search Results for 'Economic rent'

The latest Residential Tenancies Board (RTB) rent index for Q3 2017 showing an increased rate of growth in rents is evidence that rent controls, introduced one year ago last month, do not work, the Institute of Professional Auctioneers & Valuers (IPAV) has said.

Rents in Westmeath were on average 14.7 per cent higher in the first three months of 2017 than a year previously, according to the latest quarterly Rental Price Report by Daft.ie. The average advertised rent is now €770, up 46 per cent from its lowest point.

The Institute of Professional Auctioneers & Valuers says the Government must heed warnings from the European Commission that rent controls are having unintended consequences on the property market.

Rents in Galway have jumped by almost 11 per cent in the county and 10 per cent in the city in the last year, according to the latest Daft.ie rental report, leading a Galway senator to demand Government intervention on the issue.

Enterprise Rent-A-Car, part of the world’s largest vehicle rental company, Enterprise Holdings, this week opened its newest Irish branch in Castlebar. The new outlet will operate from Casey Accident and Repair Centre, Turlough Road, Castlebar, primarily serving tourists who wish to rent a car and explore the town and surrounding areas of Mayo, as well as business people and locals who may require affordable transport from time to time without needing a full-time vehicle.

The latest Daft.ie rent report has concluded that rents in Mayo have risen by 3.4 per cent year on year and the average rent in the county is now €568 per month, up by 10 per cent from their lowest point since the property website has been carrying out this survey.

Rents in Westmeath were 12.7 per cent higher in Westmeath in the second quarter of 2016, according to the latest quarterly Rental Report by Daft.ie.

The homeless and housing charity, Peter McVerry Trust, has called for legislation to be brought forward to address spiralling rents.

Over the last 12 months, rent in Monivea has skyrocketed by almost 60 per cent. In early 2015, average monthly rent in the area was €568, but the last year has seen a 57 per cent increase, with prices now peaking at more than €894 per month.

Bill Griffin, CEO of Galway Simon Community, has described the 12.7 per cent rise in rents in Galway city as part of a perfect storm affecting people on social welfare who wish to rent property.