Galway Bay fm newsroom - Rents in Galway City are continuing to rise despite the impact of Covid-19 on the Irish economy.
A report by the property website Daft.ie shows that average rents in the city have increased by 2 percent year-on-year and now stand at €1,323.
Average prices in the county have dropped by one percent over the same period to €879.
Nationwide average monthly rents rose by an average of 1.2% in the year to July.
Meanwhile, house prices are unchanged over the period, with the national average house price standing at €260,000.
Author of the report and Assistant Professor of Economics at Trinity College Dublin Ronan Lyons says given the effects of Covid-19 on tenants he expected rents to drop - to hear more tune in to Galway Bay fm news on the hour...
