• Rental Report Q 2 - 2017 21-08-2017



    Source: Daft.ie


    Daft.ie report shows that rents rose nationwide by an average of 11.8% in the year to June 2017. The average monthly rent nationwide during the second quarter of 2017 was €1,159, the fifth quarter in a row a new all-time high has been set. The rate of inflation represents a slight slowdown in inflation from the rate recorded in the first quarter of 2017 (13.4%), which was the second largest on record.

    In Dublin, the increase in rents in the year to June 2017 was 12.3% and rents in the capital are now over 18% higher than their previous peak in 2008, or €260 a month. In Cork, rents rose by 6.8% in the year to June, the slowest rate of inflation since early 2014, while in Galway, rents were 10% higher than a year previously, the eleventh straight quarter of double-digit increases in the city. In Limerick city, rents rose 10.8% in the last year, while in Waterford the increase was 8.4%. Outside the cities, rents have risen by 11.9%.

    There were just 2,930 properties available to rent nationwide on August 1st. This is the lowest number ever recorded, in a series that starts in January 2006, and the first time ever that fewer than 3,000 homes were available to rent. In Dublin, there were just 1,100 homes available to rent, compared to 2,000 on the same date in 2014.