February 27, 2024
Business News Property

Home truths: how Kilkenny tenants can save €5,000 a year by buying their own place

Renters in Kilkenny could save more than €5,000 by getting themselves on the property ladder.

The latest rental price report from Daft.ie reveals people in Kilkenny renting one, two, and three bedroom properties are paying up to more than double the mortgage payment the landlord pays on that property.

It’s not all good news for landlords, however, as the report also reveals that families renting homes with four or more bedrooms are actually better off remaining in the rental accommodation rather than looking for a mortgage on a similar property.

The report found that mortgages on these four and five bedroom properties are actually marginally higher than the rents these properties can obtain.

The average rent on a one-bedroom property in Kilkenny now stands at €723 per month. However, the mortgage comes in at just €309 per month – a €414 difference or 58% gap.

The tenant could save €4,968 per annum by getting a mortgage on a similar property.

It’s a similar story with two-bed properties, where the average rent is now €819 per month, however, the mortgage stands at €398 per month – a difference of €421 or 52%.

Those renting two-bed properties could save €5,052 per annum by buying a similar property.

The rent on a Kilkenny three-bed stands at €945, while the mortgage on the property is €563 – a €382 per month difference or 40% gap. The tenant could save €4,584 by buying a home.

The report shows that landlords of four-bed homes are actually losing money by renting the property, receiving €1,041 per month on rent but paying €1,116 on their mortgage, representing a near €1,000 loss per annum to the landlord.

Owners of homes with five or more bedrooms are losing just €1 per on rents – where the rent is €1,162 while the mortgage stands at €1,163.

Related Posts


    Hello my dear people, I am Linda McDonald, currently living in Austin Texas, USA. I am a widow at the moment with three kids and i was stuck in a financial situation in April 2018 and i needed to refinance and pay my bills. I tried seeking loans from various loan firms both private and corporate but never with success, and most banks declined my credit ,do not full prey to those hoodlums at there that call them self-money lender they are all scam , all they want is your money and you well not hear from them again they have done it to me twice before I met Mr. David Wilson the most interesting part of it is that my loan was transfer to me within 74hours so I will advise you to contact Mr. David if you are interested in getting loan and you are sure you can pay him back on time you can contact him via email……… (davidwilsonloancompany4@gmail.com) No credit check, no cosigner with just 2% interest rate and better repayment plans and schedule if you must contact any firm with reference to securing a loan without collateral then contact Mr. David Wilson today for your loan

    They offer all kind of categories of loan they

    Short term loan (5_10years)
    Long term loan (20_40)
    Media term loan (10_20)
    They offer loan like
    Home loan…………., Business loan…….. Debt loan…….
    Student loan………., Business startup loan
    Business loan……., Company loan………….. etc
    Email……….( davidwilsonloancompany4@gmail.com)
    When it comes to financial crisis and loan then David Wilson loan financial is the place to go please just tell him I Mrs. Linda McDonald direct you Good Luck…………………..

Leave a Reply

Your email address will not be published. Required fields are marked *