Check out the only place to rent in Laois listed on Daft.ie as local rents surge

A studio in Rosenallis in the Slieve Bloom Mountains is the only place listed on the Daft.ie property site that you can rent to live in in the middle of August 2023.

With Daft.ie reporting a 14% rise in the average monthly Laois rent in the space of a year, the property in Rosenallis gives an idea of what the latest Daft.ie report says is an "extraordinary shortage of rental accommodation".

And the Rosenallis studio is not even a straightforward rental property where you would rent via a local estate agent or the owner directly. 

Hosting Power is offering the furnished property that is available for rent from October 1 for a minimum six-month lease at a cost of €250

They say they are proud to advertise the fully furnished and comfortable private studio that is equipped with all modern conveniences with all bills included in the rent. All bedding will be provided.

For the fastest way to book this studio, Hosting Power asks that you go to their website.

The 'Our Story' section of the website says Hosting Power believes in comfortable and fairly priced housing for all with the aim of connecting tenants and hosts in a safe, fair and professional way.

In operation since 2014, Hosting Power now boasts over 5,000 "comfortable and fairly priced rooms" with "thousands of guests, both from Ireland and from more than 110 different countries all over the world".

The latest figures from Daft.ie are stark for renters. 

The average listed rent in the county in the quarter to the end of June is now €1,372 which is up 160% from its lowest point during the Celtic Tiger crash.

Rents are also up from the early part of 2023. Daft.ie figures show that there was a 5.4% rise in rents between April and June compared to what was being charged by landlords in the three months to March.

The quarterly rise in Laois is higher than any of the other Leinster counties excluding Dublin. It's also double the national quarterly rate. Market rents rose by 4.1% on average in Leinster, outside Dublin, in the second quarter.

Daft.ie says this is the largest quarterly increase on record since 2006. Rates rose by 2.4% nationally from April to June.
The following is the breakdown of rents and the annual increase listed by Daft.ie at the end of June.

• 1 bed apartment - €904 up 11.4%
• 2 bed house - €1,093 up 11.4%
• 3 bed house - €1,261 up 11.4%
• 4 bed house - €1,447 up 10.6%
• 5 bed house up - €1,514 down -2.1%

Compared to a year ago, rents in the open-market are now 10.7% higher.

The average Laois increase is largely in line with the experience in midland counties and the rest of Leinster where rents rose 16.1% year-on-year.

Rents rose nationally by nearly 11% year on year in the 11th successive quarter.

Across Ireland, rents in the second quarter rose by an average of 2.4% compared to the previous three months.

The average market rent nationwide in the second quarter was just under €1,800 per month. This compares to €1,387 in the first quarter of 2020 and a low of just €765 per month seen in late 2011.

Daft.ie commented on the shortage of supply.

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"The extraordinary shortage of rental accommodation continues, although in recent months the number of homes available to rent has increased slightly. On August 1st, there were fewer than 1,200 homes available to rent nationwide. While this marked an increase of over 460 on the same date last year, availability remains extremely tight compared to other years. Indeed, the level of homes on the market is less than one-third of what had been typical in the 2015-2019 period, which was already one of scarcity," it said.

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Daft.ie say their figures refer to open-market rents but also includes an index of rents paid by sitting tenants, rather than movers, using a survey of tenants.