IPW Rental Report # 3 - 742 reductions, 99 increases

irishpropertywatch.com/

From the 9th to the 16th of April 2008 there were 742 rent reductions. The average reduction was €115 per month or 7.9%. There were 99 rent increases over the same period, the average increase was €186 or 12%

The number of properties for rent in Ireland increased to 11,444 from 10,900 the previous week an increase of 5%.

53% of the properties for rent have been listed for 3 weeks or longer.

66% of all properties listed in the last 3 weeks have not been rented as of the 16th of April.