Most families cannot rent in Kilkenny for less than €1,050 a month - Daft.ie

Most young families who have to rent in Kilkenny now have to pay more than €1,050 a month to rent in the county.

This is according to the latest figures from Daft.ie, who show rents continuing to spiral.

The average rent in Kilkenny has now surged to €1,162 by Christmas 2021 according to the new Daft Rental Price Report Quarter 4 2021.

Apart from being a 2.9% increase on the three months to August last year, the average rate rose by a staggering 11.5% on what was being charged at the end of 2020.

The breakdown of figures reveals the cost facing families in particular who are forced into the rental market in Kilkenny.

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Families with children would have to squeeze into an apartment or a two bedroom home to get a house below €1,000 a month.

The breakdown is as follows: 

• Apartment - €777 - up 9.3%
• 2 bed house - €928 - up 8.9%
• 3 bed house - €1,059 - up 9.8%
• 4 bed house - €1,230 - up 9.4%
• 5 bed house - €1,478 - up 11.6%

The figures from Daft.ie also reveal an apparent failure of the cap on rents that is supposed to apply to the Municipal District of Kilkenny City and the Municipal District of Piltown - both Rent Pressure Zones (RPZs).

Any rent increase in an RPZ is prohibited from exceeding general inflation and cannot increase by more than 2% per annum pro rata, where inflation is higher.

Daft.ie also reports increases in all Leinster counties.

Rents rose by 2.9% between September and December 2021, the fourth quarter in four with strong three-month hikes.

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Rents in Leinster's midland counties rose 13.2% year-on-year, reflecting a sharp fall in availability - just 35 homes were available to rent on February 1, the lowest on record.

Across the province as a whole, rents are now 10.5% higher than a year ago, with increases ranging from 8.3% in Louth to 17.7% in Longford.

Daft.ie also reports rent a room increase for Leinster. The cost of a single or double room in Leinster was roughly 5.9% higher in the fourth quarter of 2021 than a year earlier.

The Daft.ie report shows a slight rise in rental stock. There were just 286 homes available to rent in Leinster (outside Dublin) on February 1, a slight improvement from the record low on the previous quarter but still a quarter below the level a year ago. MORE BELOW IMAGE.

Nationwide rents in the final quarter of 2021 were an average of 10.3% higher than the same period in 2020, according to the latest Rental Report by daft.ie. The average monthly rent nationwide between October and December was €1,524, up 3% on the first quarter and double the low of €765 per month seen in late 2011.

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The rental website says goal of the Daft Report is to use this information to help all actors in the property market make
informed decisions about buying and selling.

In addition, because it is freely available, the Daft Report can help inform the media, the general public and policymakers about the latest developments in the property market.

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