HOUSE RENTAL COSTS IN IRELAND
DAFT HOUSE RENTAL REPORT
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
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.