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Galway students would be “better off taking out a mortgage instead of renting in the current climate”, with student rents in some areas of the city reaching up to €1,250 a month.
Galway students would be "better off taking out a mortgage instead of renting in the current climate", with student rents in some areas of the city reaching up to €1,250 a month.
Rents in Mayo are now up 30% from their lowest point at an average of €672 per month, according to the latest Daft.ie quarterly Rental Report. On average, rents in the county are up 8.1% in the second quarter of this year compared 2017.
Property: 17 Woodville Rise, Woodville Grange, Athlone, Co. Westmeath, N37YC56
Relying on the private rental sector is "not appropriate" for delivering social housing, or tackling Galway's accommodation crisis, especially as there are no properties available to rent for people on Housing Assistance Payment or on rent supplement.
Introducing a cost rental scheme for Galway would "protect renters and deliver a below market rate housing in the city", especially as the private market is "not fulfilling the needs of renters".
Property: Hillquarter, Coosan, Athlone, Co. Westmeath,
John Quinn & Co is offering a superb selection of properties – all of which will be available for open viewing this weekend.
The Institute of Professional Auctioneers & Valuers says disproportionate regulation of private landlords is the primary cause of the trend to let homes to tourists rather than long term tenants. The issue was flagged in the latest Daft.ie report.
Taxation, unnecessary regulations, rent control and complexity of legislation are the real reasons for the current decline in the supply of rental accommodation, according to Stephen Faughnan of the Irish Property Owners Association (IPOA).