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Average monthly rental premiums increased by an average of 1.2 percent in the year to July, with the average charge for renting a three bedroom property in County Westmeath now €965, according to the latest Daft.ie Housing Market Report which was released in recent times.
The extension of the rent pressure zones (RPZ), while welcome for tenants in the area, is a sign of the Government’s failing housing policy in Galway, according to a Galway-East TD.
According to the latest Rent Index from the Residential Tenancies Board (RTB), in the October-December period (quarter four) of 2018, the standardised national average rent of tenancies in Mayo was €623 - up from €577 (+€46) one year earlier - and down €9 on the previous quarter (quarter three 2018).
The Society of Chartered Surveyors Ireland (SCSI) Annual Residential Property Review and Outlook report reveals that estate agents across the country believe demand will increase across all property types with national house prices anticipated to increase by four per cent this year. The report expects Connacht prices to increase by five per cent in 2019, down from eight per cent as reported in 2018.
Rooney's currently has two superb investment properties. No 1 Cross Street is a city centre investment property let on a new long term lease to an excellent restaurant covenant. The tenant, Freshii, is unaffected by the sale and enjoys a long term lease from 2017.
An exciting opportunity has arisen to lease the former Steiner building in Carnmore, Galway. Adjacent to Galway Airport and strategically located close to Junction 19 of the M6 motorway, the impressive commercial premises offers significant potential. BV Commercial is inviting expressions of interest from potential tenants with options available to rent from 5,000sq ft to the entire 80,000sq ft property.
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.