RENTS in Limerick fell by 3.2% to an average of €688 per month, according to a recent survey by property website, Daft.ie.
Nationwide they fell by just over half a percent (0.6%), over the course of 2010.
The fall compares with a drop of 15% during 2009. The average rent nationwide now stands at €830, 27% below the 2007 peak.
In Cork and Galway, rents were largely unchanged over the year. In Waterford and Limerick cities, rents fell by between 3% and 4% over the course of 2010.
In Munster, rents fell by an average of 1.9% in the final three months of the year, having fallen by 1.1% between June and September.
The average rent in Limerick city in the third quarter of 2010 was €690, a fall of €230 from peak levels in 2007. In the rest of the county, rents are €615 on average, down €185 from the peak.
Average rents in the cities, Q4 2010
Dublin: €1080, up 0.3% during 2010
Cork: €824, down 1.9% during 2010
Galway: €804, down 0.3% during 2010
Waterford: €645, down 4.1% during 2010
