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Rental supply shortages likely to remain locally unless construction costs decrease

Aug 10, 2021 16:08 By News Northern Sound
Rental supply shortages likely to remain locally unless construction costs decrease Rental supply shortages likely to remain locally unless construction costs decrease
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There will be no investment locally until high construction costs are addressed.

Rental supply shortages will likely remain in the region unless construction costs decrease.

A daft.ie report released today showed a rise in price for rented accommodation for all counties in the Shannonside Northern sound region with Monaghan recording the highest average rent in the region at €886 per month.

Economist and author of the report Ronan Lyons, says there'll be no investment to build new rental properties in rural areas until the high costs associated with construction are addressed.

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He told Shannonside Northern Sound that it's currently not profitable locally, meaning the shortage will continue:

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