Cost of renting in Laois has risen over the last 12 months

THE average cost of renting a house in Laois has risen by almost 2 per cent in the last year, almost double the national percentage increase.

THE average cost of renting a house in Laois has risen by almost 2 per cent in the last year, almost double the national percentage increase.

According to the latest figures from Daft.ie, Rental prices outside of Dublin have risen on average by 1 per cent in the past 12 months, with monthly rent now up to around €825 compared to €792 a year previously. In the Midlands rents rose by an average of 0.9% in the year to mid-2013, compared to a fall of 3.0% a year previously. In Laois, rents were on average 1.9% higher in the second quarter of 2013 than a year previously. The average advertised rent is now €534, a fall of 29% from the peak.

In the neighbouring county of Offaly, rents are up 0.5% to €553, while nationally it was the capital which saw the biggest jump with rents in Dublin up by between 6.5 to 8.4 per cent (€972 to €1,301). Next highest was Kildare, up 3.7% to €794, while the counties to have experienced the largest average decrease in rental prices were Waterford, down 4.5% to €616, and Carlow, down 3.8% to €586.

Commenting on the report, Ronan Lyons, economist with Daft.ie, said: “ Outside Dublin, rents are more or less in line with the levels charged last year.

This gap between Dublin and much of the rest of the country is a trend seen consistently over the last 12 to 18 months,” Mr Lyons concluded.