DAFT HOUSE RENTAL COST REPORT | Q2 2015

HOUSE RENTAL COSTS IN IRELAND
DAFT HOUSE RENTAL REPORT
Q2 2015

Across Ireland, in any particular month, nearly
10,000 people will be searching for a house or
apartment to rent.

In Dublin alone, rental costs increased by 1% and
3% in the period between March and June.

The most obvious reason for this high increase is
the very short supply of house and apartments to
rent. A good indication of this acute shortage is
the fact that on the 1st August, 2015, less than 1,800 properties were listed on Daft's rental section. This compares with 18,000 properties available for rent during March through June 2012.

According to the Daft rental report, all Irish cities experienced an increase in rental costs, as detailed below.

DAFT RENTAL COST REPORT | Q2 2015

REGION	AVG. MONTHLY RENT €	YEARLY % INCREASE
DUBLIN NORTH COUNTY	1149	10.7
DUBLIN NORTH CITY	1281	9.2
DUBLIN SOUTH COUNTY	1573	6.1
DUBLIN SOUTH CITY	1485	7.1
DUBLIN WEST COUNTY	1213	7.4
DUBLIN CITY CENTRE	1378	10
WATERFORD CITY	629	8.3
CORK CITY	889	10.4
LIMERICK CITY	718	8.9
GALWAY CITY	818	10.1
MEATH	840	14.4
KILDARE	922	13.0
WICKLOW	980	10.1
LOUTH	761	12.0
LONGFORD	460	10.3
OFFALY	604	6.8
WESTMEATH	621	8.7
LAOIS	616	11.7
CARLOW	664	6.9
KILKENNY	670	8.9
WEXFORD	600	8.9
WATERFORD Co.	624	6.6
KERRY	617	5.8
CORK Co.	673	8.6
CLARE	576	4.6
LIMERICK Co.	619	5.5
TIPPERARY	618	4.9
GALWAY Co.	590	8.7
MAYO	549	3.6
ROSCOMMON	522	3.7
SLIGO	566	5.5
LEITRIM	456	5.7
DONEGAL	515	3.7
CAVAN	514	5.6
MONAGHAN	563	3.3

Economist Ronan Lyons, author of the Daft Report, said: "This latest Daft.ie Report shows that the housing crisis in Dublin is getting worse. The solution is not capping rents, which will limit the supply of new homes, but rather addressing the underlying problems, in particular streamlining the cost of land and of regulation."

Rents in the capital's commuter belt counties of Wicklow and Kildare rose by 9 per cent. Outside of the cities, rents rose by an average of 4 per cent , whilst the number of properties available for rent is now under 4,000 - down from 11,000 two years ago.

AVIVA, LAYA, GloHealth, VHI HEALTH INSURANCE COVER
COMPARISION OF COVER AND COSTS

DAFT HOUSE PRICE REPORT | Q3 2015

HOUSES CURRENTLY FOR SALE AND BY AUCTION

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