There is good news for renters of properties in Limerick, according to the latest figures from property website Daft.ie, which shows that rents in Limerick have fallen by 3%.

The statistic is one percentage more than the average drop in rent rates across the country.

According to the report by Daft.ie, rents are now 2% lower than they were in January.

It is the first fall in rent in four years and Daft said it signalled a move from the boom period of ever-growing rents to a calmer period of more normal growth.

The average monthly rent now stands at €1,369, showing a 2% fall since the start of the year.

This is also largely down to an increase in the number of properties available to rent.

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