GALWAY RENTS DROP OVER FIVE PER CENT IN LATEST SURVEY

Date Published: 20-Aug-2008

An increase in the number of rental properties currently available has pushed rents down in Galway city.

The average rent stands at 918 euro per month, a drop of 5.1 per cent on last year and a drop of 2.4 per cent in the last quarter.

The latest survey from the property website Daft-dot-ie is forecasting a downward trend for the rest of the year and possibly into 2009 as supply continues to outstrip demand.

In the County, the average rent now stands at 718 euro per month.

To rent a single room in the city will cost on average 303 euro, while a double room costs 363 euro to rent on average.