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Average monthly rents in Galway city have escalated to €1,260 a month, according to the latest Daft.ie report. Despite this being below the national average of €1,366, it is still an 11.4 per cent increase over the last year.
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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).
Did you acquire a residential investment property that was vacant for a period of at least 12 months before it was first let? You may be able to claim a tax deduction for pre-letting expenses against rental income in the first year.
Independent Councillor, Paul Hogan, slammed Westmeath County Council’s differential rent review during the local authority’s monthly meeting in Athlone.
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.
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".