Rents in County Galway jump by a third from lowest point

Galway Bay fm newsroom - Rents in Galway city rose by 10 per cent last year.

The latest report from property website daft.ie shows that the average rent in the city is now 975 euro.

In the rest of Galway, rents were on average, almost 11 per cent higher in the final 3 months of 2016, compared to the previous year.

The average rent in the county is 673 euro up almost a third from its lowest point.

Nationally rents rose by an average of 13 and a half per cent last year, the largest increase in rents ever recorded in the daft.ie report.

Economist with daft.ie, Ronan Lyons, says high construction costs are affecting rental prices in Galway.