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The latest Daft.ie rental report has shown that rents in Mayo have risen by just under two per cent in the past 12 months. The report has shown that in Connacht rents rose by an average of 3.4 per cent from September 2013 to September 2014, with Mayo’s rents rising by 1.9 per cent. In Mayo the average advertised rent is now €551 a month, which in itself is 20 per cent lower than what it was at peak levels.
Rents are now more expensive than they were at the same stage last year in every county in Ireland, according to the latest quarterly Rental Report by Daft.ie. Nationally, rents have risen by over 11 per cent in the space of 12 months with the national average rent now €933 compared to €842 a year previously.
The Government’s controversial property tax became a reality this week as homeowners across Mayo began receiving letters detailing information about the tax, how to value their property and calculate the amount of tax they owe, and how to pay. But it is estimated that it could take up to four weeks for all the letters to be issued.
According to the latest Daft.ie Rental Report, rent in Mayo in the third quarter of this year is lower than at the same time last year.
The average asking price of property in Ireland fell by over three per cent in the third quarter of 2012, down 14 per cent from the same period last year, according to the latest Daft.ie House Price Report.
House prices are continuing to fall but the rate of decline is moderating, according to the latest figures from property website MyHome.ie, which reports that asking prices for three bed semi-detached properties nationally remained unchanged in the last quarter, at €185,000.
The average rent nationwide in the first quarter of 2012 was largely unchanged from a year previously (down 0.1 per cent), standing at €812, according to the latest report published by Ireland’s property website, Daft.ie. However in Mayo, rents in early 2012 were 3.9 per cent lower than a year previously, with the average rent now at €557, a fall of 22 per cent from the peak. In Connacht overall rents fell by 1.5 per cent in the first three months of 2012.
Asking prices for properties in Connacht fell by an average of 7.2 per cent in the final three months of 2011, compared to a fall of 2.7 per cent between June and September, while the average asking price in Mayo in late 2011 was €164,000, a fall of €102,000 from the peak, according to the latest review by Daft.ie
The latest report from property website Daft.ie shows that rents in Connacht fell by 0.3 per cent between June and September. In Mayo average rent fall in the third quarter of 2011 was €575, a fall of €140 from the peak.