Your own area is probably here too.
According to the latest report by Daft.ie, rents have now risen by 70% on average – 87% in Dublin, 68% in the other cities and 53% elsewhere – from their lowest point.
For the 23rd quarter in a row, rents have increased – this is despite a nominal cap of rent increases of 4%.
Across the country, rents are significantly higher than a decade ago – even though general prices have hardly moved at all in the same period. In Dublin rents are 30% higher than their previous Celtic Tiger peak. In fact, Donegal is the only place where rents have not yet surpassed their Celtic Tiger peak.
Collectively, rents rose by 2.8% in the first three months of 2018, – that’s the 23rd consecutive quarterly increase and the largest first-quarter increase since 2014.
Regarding the main cities, Dublin rents are now an average of 30% above their previous peak while in Cork and Galway, rents are 20% and 34% above the levels that were recorded a little over a decade ago. Outside the cities, the average rent is 13% above its previous peak.
In terms of the most expensive areas to live, a one bedroom apartment in South County Dublin will cost €1,541 while a similar set up in Dublin 4 will cost €1,484.
Similar accommodation in Leitrim costs €411 – that’s the cheapest property available for anyone looking for a one bedroom apartment.
Here’s the full list of average rent prices along with a detailed infographic.
Further information and the full report can be found here.
daft.ie Rental Report: Q1 2018 – An infographic by the team at daft.ie
LISTEN: You Must Be Jokin’ with Aideen McQueen – Faith healers, Coolock craic and Gigging as Gaeilge
