Galway Rent Surge: 20% Jump in a Year

Rental market in Galway sees a staggering 20% rent increase, with two-bedroom spots now averaging €2300 per month. Nationwide, rents surge 4.4% in Q1, marking the largest quarterly jump since 2002. The new rent control system may be contributing to the hikes, as landlords reset rents to current market rates upon lease expiration. However, theres a silver lining: rental property availability has doubled outside of Dublin compared to last year. The situation remains complex, with supply slowly catching up to soaring demand. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/0353176c1c176853