Average rent in Kerry increases by over 10% in a year

The average rent in Kerry has increased by over 10% in a year.

That’s according to the latest quarterly Rental Report by Daft.ie. for the third quarter of this year.

The figures show that the average rent in Kerry now stands at €874; that’s an increase of 10.5% compared to the same period last year.

The average rent for a one-bed apartment is €609 (up 12.1%), a two-bed house is €689 (up 8.3%), it’s €800 for a three-bed house (up 8.4%), €871 for a four-bed house (up 6.4%) and €929 for a five-bed house (up 3.2%).

The average rent across the country now stands at 1 thousand 400 hundred euro a month – that’s an increase of 5.2 percent in the last year.

The author of the report has warned that the market could face another decade of high rents.

Ronan Lyons says the most expensive and cheapest areas have seen increases: