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Average rent increased by €170 in Sligo last year

Claire Mulcahy -
Average rent increased by €170 in Sligo last year

Sligo had the highest increase in average rental prices in the past year, according to a new report from the Residential Tenancies Board.

The research shows the average rent paid for a new tenancy at the end of 2016 was €611 in Sligo, however, the average at the end of last year was €789. That represents an increase of 29%.

The report - covering nearly 18,000 new tenancies between last October and December - is based on actual rents paid, as opposed to asking prices.

Local Sinn Fein Cllr, Chris McManus says there now needs to be a fast-tracking of social housing in Sligo:

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[audio mp3="https://img.oceanfm.ie/prod/uploads/2018/03/chris-mc-rent-SHORT.mp3"][/audio]

Claire Mulcahy -