Average rents increased by 13.7% last year.
The latest Daft.ie report found the average rent across the country between October and December last year was €1,733 a month, up 2.7% on the previous three months.
The property listings website recorded substantial rises in advertised rent prices in all parts of the country:
| Dublin | €2,324 | up 13.1% |
| Cork City | €1,768 | up 14.9% |
| Galway City | €1,796 | up 19.4% |
| Limerick city | €1,673 | up 18.9% |
| Waterford city: | €1,432 | up 20.2% |
| Rest of the country: | €1,318 | up 13.8% |
Source: Daft.ie
Source: Daft.ieThe figures relate to open market rents, but a smaller survey of sitting tenants shows their rents increase by an average of 3.8% in the last 12 months.
Since the introduction of rent pressure zones in 2016, rents of sitting tenants rose by 19%, while in the open market, it was almost 75% in the same time frame.
The report also points to a continued shortage of rental properties, with just 1,096 homes available to rent on February 1st, down over 20% on the same date last year.
Market rents in the final quarter of 2022 were an average of 13.7% higher than the same period a year earlier, as availability of rental homes remained near an all-time low, according to our latest https://t.co/F1oZ1MzHZs Rental Report.
Read more 👉🏼 https://t.co/Au8xcKosZf pic.twitter.com/Jz7sV99jFL— Daft.ie (@daftmedia) February 13, 2023
