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Killarney rent issues affecting locals and businesses alike
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Rent prices in Kerry are up 8.9% on the same quarter in 2017 according to a new report published by property website Daft.ie. The average price in the county is €768. Incredibly, rents are now 27% higher than they were at their previous peak in 2008.
Locals and would-be migrant workers have found it especially hard to get suitable property in Killarney town in recent times and a quick internet search reveals why. There are just nine residential properties listed for Killarney on Daft.ie, three of which are in the town itself. Airbnb, meanwhile, has over 300 Killarney properties on its website.
Business is booming for the short-term letting website with users earning around €2,000 over the summer period. Airbnb claim they are contributing significantly to the tourist industry but critics say short-term lettings are harming Ireland’s rental sector.
You can understand local people trying to make a quick buck but the lack of accommodation is putting a real strain on local businesses who are finding it virtually impossible to locate appropriate accommodation for prospective staff. Earlier this year, The Europe Hotel announced plans to tackle the issue head on: they’re building a €3 million staff accommodation block to house an additional 40 employees.
With no sign of the problem resolving itself, other businesses may soon be forced to go down a similar route.
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