Rents rise nearly 6% in Waterford

Rents have risen by almost 6% in Waterford, according to the latest report by Daft. 

The Rental Price Report reveals that the average rent in Waterford is now €1639.

According to economist Ronan Lyons: "In the rest of the country, inflation is easing. The ‘Ex-Dublin’ rate has fallen from 12.3% at the start of the year to 8.9% in this Q3 report. 

"And the quarter-on-quarter increase outside the capital, at 1.4% in the third quarter, is the joint-lowest in this cycle of the market, with now 17 consecutive quarterly increases."

With the forthcoming General Election, the lack of affordable housing will be a key issue for every candidate and party. 

Mr Lyons stated: "When thinking about boosting housing supply, owner-occupied homes and social housing have dominated policymaker attention over the last few years. The new government will have to address the lack of supply of private rental housing early in its term, if it is to bring about a change in conditions similar to what Dublin enjoyed in 2023 but across all rental markets.”