Thursday 29 November 2007

Strong Rental performance in Carrick on Shannon

Carrick on Shannon Co Leitrim and the surrounding areas are seeing residential rental values rising at a steady rate across all submarkets. The rises have been quite consistent between smaller and larger properties and between apartments and houses. One bedroom apartments can now achieve between €475.00 - €500.00, Two Bedroom Apartments with ensuites now let for €575.00 - €600.00, Three Bed houses with ensuites fetch €700.00 per month and four bedroom houses fetch €750.00 or more.
Currently the strength of demand is outstripping supply. Over the last quarter, the lettings market has been very active with record number of deals being done. This has gradually eroded the amount of potentially availability units, subsequently increasing rental values. Furthermore people intending to move within the rental sector have found it difficult to find suitable alternative accommodation or have found that asking rents on other properties are un-favorable compared to their renewal rent. Increases of approximately €15.00 - €25.00 per month are also being agreed where renewals are re-negotiated. Brady Real Estate Alliance are pro-active in seeking renewals, using this opportunity to put in place new lease documents compliant with the most recent PRTB regulations.