Galway city rents have risen by 8.5 percent, while county rents have increased by 7.6 percent on average in the past year.
The average city monthly rent is now €2,295, while it's €1,700 in the county, according to the latest figures from Daft.ie.
Nationally, rents are up 1.6 per cent in the second quarter of the year, marking the 18th increase in a row, with the average monthly rent now 2 thousand euro.
Economist and author of the report, Ronan Lyons, says rents are 7 percent higher compared to a year ago
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Some other pieces of data from the report:
- With the volume of new supply slowing considerably in Dublin, inflation in the capital - at 6.5% - is now close to the average seen in the rest of the country (7.3%).
- As has consistently been the case in recent quarters, Limerick city saw the highest inflation, at 14.9%.
- In Galway city, rents were up 8.5% year on year.
- While in Cork city, they increased by 11.8% in the same period.
- Inflation was even greater in Waterford city (up 12.5%).
- Outside the five major cities, rents rose by an average of 6.2% over the last year.
- There were almost 2,300 homes available to rent nationwide on August 1st. This is down 14% year-on-year and close to half the 2015-2019 average for availability of homes to rent.
