Donegal rent prices jump up 24% in one year

3 comments

1. Time buy up property there 👍😁

2. The news and the newspapers continuously mislead the public with this method of calculating rent prices. The homes currently available on Daft can be averaged out, but this statistic doesn’t take the following into account:

   1) Casual cash in hand renters where the property never went on Daft. Daft usually doesn’t capture the bottom of the market.

   2) Long term renters where the rent hasn’t been increased like crazy for years, they’re still paying 2014 prices.

   3) Family member under market rental. Granny gets €400 a month from an aunt or whatever.

   4) Most people using social housing schemes aren’t paying anything near market rates. Especially those on it 10+ years. They’d bring these numbers down a lot if they were taken into account.

   5) Social housing tenants who are in serious arrears, paying nothing or close to it – a significant number are in this group.

   This “Daft today” number is the average price paid by a new entrant to the rental market today who uses Daft and doesn’t have an inside hookup. It’s not the average price paid by all Donegalians as the headlines imply.
   *edit: formatting

3. Can see why this is true first hand. Renting a house for the last 7 or so years, yes rent went up but not mad but we looked after the place like it was our own and done the majority of maintenance. Moved out as had bought and now the rent is almost double what we were paying. And he will get it no doubt. When there are only 18 properties to rent in Letterkenny, that shows how messed up the market is.

   Edit: I’ve just went and looked and the house is gone on less than a week.