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Louth the seventh most expensive county to rent in

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Rent-GrowthLouth is the seventh most expensive county in Ireland to rent a property in.

That’s according to new figures from the Private Residential Tenancies Board (PRTB), which show that the average monthly rent in the Wee County last year was €628.

That was a €14 (2.3%) increase on 2013 but is still more than a fifth behind the €800 a month average from 2008 – an annual saving of €2,064.

According to figures for the county, there were “above-average increases” recorded in Drogheda and Louth Village, while Dundalk and Ardee both saw increases of 1.5%.

The performance of detached homes in the county was stronger with rents up almost 4% or €27 per month to €576. However, the average rent for both semi- detached houses and apartments were below the 2.3% average for all property types.

Drogheda – because of its proximity to Dublin – commands the highest rents in Louth with average monthly rent up €21 last year to €657. Rents for detached houses in the town jumped by almost 5% to €780. Apartments in Drogheda were up 3.3% to €612.

Apartments were less in vogue in Dundalk where average rents fell by 1.5% to €562 although rents for other property types in the town recorded growth of around 2%.



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