News
Munster rents are higher than a year ago
By Ted Healy of DNG TED HEALY
The recently published daft.ie Q3 rental market report shows that national average rents have increased by 6.7% - the strongest year-on-year increase since early 2019.
Munster rents are now 15.6% higher than a year ago, and the increase in rents around the country reflects an on-going and unprecedented scarcity of rental homes. Nationwide, there were just 1,460 homes available to rent on November 1, an all-time low in a series that extends back to January 2006. Indeed, the level of availability now is almost half the lowest level recorded between the start of 2006 and the outbreak of COVID-19, which was 2,706 in mid-2019. While Dublin had initially seen an increase in availability after the start of the pandemic, there were just 820 homes available to rent on November 1, the lowest ever recorded for the city in two decades. In Dublin and in the other cities, the stock of homes to rent is between 70% and 80% lower than a year ago. Outside the cities, availability continues to fall – with just 559 homes to rent, down almost half on a year ago.
While rents rose around the country between June and September, there remains significant differences in annual inflation rates. Rents in Dublin are just 2.7% higher than a year ago, while rents in Cork and Galway are 6.9% and 8.3% higher. Inflation in Limerick and Waterford cities is higher again, at 8.9% and 10% respectively, while rents outside the cities are 11.9% higher than a year ago. In parts of Connacht, rents rose by 20% in the twelve months to September.
COVID-19 temporarily reshuffled Ireland’s rental problems but the latest figures confirm those problems of shortages are getting worse over time. While Dublin had initially seen an increase in rental availability, with the number of rental homes on the market doubling from 1,600 to nearly 3,200 in 2020, those trends have reversed rapidly, with just over 800 homes available to rent on November 1. In Ireland’s four other cities, there were 81 homes available to rent in total!
The average rental price for a property in Kerry is now €1,070 reflecting a year on year increase of 19.2%.
Herbert descendants visit Muckross House
Scott and Sandra Patterson recently visited Muckross House and Gardens to explore their family heritage, meeting with Muckross House Research Library archivist Patricia O’Hare.
The couple are the great-great-grandchildren of Charles Herbert (1842-1891), the second son of Colonel Henry Arthur Herbert and Mary Balfour. Following their marriage in 1837, Colonel Herbert and Mary Balfour moved to Killarney and began construction on the current Muckross House, which was completed in 1843.
The family, which included children Eleanor, Henry Arthur, Charles, and Blanche, spent much of the Great Famine years in England. Photo: Valerie O’Sullivan
Rotary Club welcomes District Governor
Killarney Rotary Club was honoured to welcome Rotary District Governor George Roche and his wife, Maeve, during their official visit to the club, marking an important occasion in the Rotary calendar and celebrating the club’s commitment to serving the local community.
The visit provided members with an opportunity to showcase the work being undertaken in Killarney and to discuss plans for the year ahead as Rotary clubs across the district embrace this year’s theme, Creating Lasting Impact.
Newly elected President of Killarney Rotary Club, Yolande Nieman, welcomed the District Governor and Maeve on behalf of the club.
“It was a pleasure to welcome George and Maeve to Killarney and to share the enthusiasm and dedication of our members,” said Ms Nieman. “Rotary has a proud tradition of bringing people together to improve lives, both locally and internationally. As President, I am excited to lead our club in supporting this year’s message of Creating Lasting Impact. Together, we want to continue delivering projects that strengthen our community, support local organisations, and create positive change that will be felt for years to come.”
During the visit, District Governor George Roche commended the members of Killarney Rotary Club for their commitment to service and encouraged them to continue identifying opportunities where Rotary can make a meaningful difference in the lives of others.
Killarney Rotary Club has a long history of supporting local charities, community groups, youth development initiatives, and international humanitarian projects. Under President Yolande Nieman’s leadership, the club will continue to build on that legacy while developing new partnerships and initiatives that respond to the evolving needs of the Killarney community.
Herbert descendants visit Muckross House
Herbert descendants visit Muckross House Scott and Sandra Patterson recently visited Muckross House and Gardens to explore their family heritage,...
Rotary Club welcomes District Governor
Rotary Club welcomes District Governor Killarney Rotary Club was honoured to welcome Rotary District Governor George Roche and his wife,...
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