Rents rising nationally but marked slowdown in Dublin

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Rents rising nationally but marked slowdown in Dublin
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Rents being sought for properties on the open-market nationally are continuing to increase, but there has been a continued slowdown in the rate of increase in Dublin.

Rents on the open-market are now 8% higher that they were a year ago, with the average market rent nationally in the third quarter standing at just under €1,825 per month.

In the Dublin market, rents rose by just 0.4% quarter-on-quarter and by 1.3% since the start of this year. All four major cities outside Dublin – Cork, Limerick, Galway and Waterford – saw significant quarterly increases in rents, of at least 5% quarter-on-quarter.The changes are being driven by differing trends in the availability of rental accommodation, with a marked improvement apparent in the Capital.

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