Tipperary rents jump 10% so far this year

Rents for 2-bed houses in Tipperary have jumped more than 10% in the first three months of this year.

According to the Daft.ie report, released today (Tuesday) rents in Ireland are showing the biggest annual increase on record.

Experts blame the shooting rents on the lack of available properties to rent – with just 3,100 properties available to rent nationwide on May 1 this is the lowest figure on record.

Rent in Tipperary

From January to the end of  March 2017 rents increased across the board in Tipperary, from flats to houses.

1-bed apartments  +8.4%

2-bed houses         +10.5%

3-bed houses         +7.1%

4-bed houses         +9.4%

5-bed houses         +6.5%



Buy or Rent?

Today’s report shows that if you are fortunate to get a mortgage then your monthly repayments will be far less than a rent payment, for most accomodation types.

Average Monthly         Rent         Mortgage

1-bed apartments        €457          €213

2-bed houses               €538          €282

3-bed houses               €644          €414

4-bed houses               €706           €770

5-bed houses               €763           €897