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Rents in Connacht have been rising year-on-year, reflecting a sharp fall in availability - with just 138 homes available to rent on February 1, down over 60 per cent compared to a year ago.

Residential property premiums in Westmeath are presently five percent higher than a year previously as 2020 draws to its conclusion, the results of a recent report by the online property website, daft.ie, has revealed.

Average monthly rental premiums within County Westmeath were on average 4.9 percent higher in the third quarter of 2020 than a year previously, with the average charge for renting a residential property now €1,048, up 99 percent from its lowest point, according to the latest Daft.ie Housing Market Report which was released in recent times.

Rents to be paid by students over the coming academic year are largely unchanged from a year ago, according to the Daft.ie Student Housing Report which was recently released.

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.

Sale prices fell by 3.3 percent in the year to June, according to the most recently issued Daft.ie Housing Market Report with the average price of a standard three bedroom semi-detached residential property in Westmeath now costing €140,000.

Property premiums increased by an average of 3.7 percent in May, having fallen by 5.5 percent in April, according to the most recent Daft.ie housing market report.

Despite a national decrease in residential property premiums due to the impact of COVID-19, prices within Westmeath escalated by 6.3 percent in the first three months of this calendar year.

While the impact of the COVID-19 pandemic has resulted in the number of homes listed for sale dropping dramatically, property prices in Westmeath were two per cent higher during the first quarter of the calendar year when compared with the same time period in 2019.

An analysis of recent trends in the Irish residential property market at the end of Q4 of 2019 by the property website, Daft.ie, has noted that property prices were two percent higher than in 2018, compared to a rise of nine percent detailed a year ago, with the average house price now at €204,000, 73 percent above its lowest point.