Local property expert claims rental market in Donegal is in dire straits

house prices

 

A local property expert is claiming the rental property market is in dire straits in Donegal with 20 students forced to defer their college places in LYIT in Letterkenny for this current academic  year because they couldn't find accommodation.

There were 294 residential property transactions in Letterkenny alone last year compared to 125 in 2013 which shows that demand is high and supply low.

Gareth McLarnon of Glen Estates says that despite improvements in the property market generally the lack of rental accommodation particularly in urban areas of Donegal remains a huge problem: