Rents in Kilkenny rising faster than rest of country: report

Rents are set to soar even higher in Kilkenny this year, according to a new report.

The latest survey from property website Daft.ie has forecast rents in the city and county have risen by 11.5% to €1,162 over the past 12 months.

This was higher than the national average rent rise of 10.3%.

And Trinity College economist and author of the report, Ronan Lyons, warns rents will continue to climb over the coming months.

Mr Lyons said: “Coming at a time of very weak rental supply, this has pushed rents up further, with inflation at its highest rate nationwide since early 2018. The number of live rental ads is at its lowest ever on record, with fewer than 1,400 live ads on 1 February.”