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Houses in Smithfield, Dublin Alamy Stock Photo

Average cost of rent across the country up by over 11% on early 2021

There were just 851 properties listed nationwide on Daft.ie on 1 May.

LAST UPDATE | 12 May 2022

THE COST OF rent nationwide has continued to rise in the first quarter of 2022, with average rents increasing by over 11% compared to early 2021, the latest Daft.ie Rental Report has shown.

It comes as the number of rental properties on the market has dropped to the lowest number ever recorded by Daft, with just 851 properties listed nationwide.

It continues the decrease in available rental properties seen in recent months, with the number of available homes decreasing steadily since early 2021 when there were 3,600 rental properties available.

This fall in availability is most stark in Dublin, where there has been an 81% drop in rental properties compared to early 2021, with only 462 homes listed on 1 May.

Outside the capital, there was a 66% drop in the number of rental properties available, with just 389 listed on 1 May.

Report author Associate Professor Ronan Lyons of Trinity College Dublin said that the number of homes available may be underestimated, as it only takes into account properties listed on Daft.ie.

With less properties available, the average rent has also increased by 11.7% since the first three months of 2021, with rents now costing on average €1,567 a month nationwide.

According to the report, this is the highest year-on-year increase in rents since late 2016.

The average rent in Dublin is now €2,202 a month, which is up 10.6% compared to the same period in 2021. 

Other cities are also seeing a sharp increase, with Cork rents increasing by 10.2% year-on-year, Galway rents by 13.8%, Limerick rents by 15.5% and Waterford rents by 16.2%.

The highest overall increase was seen in Leitrim, where average rents increased by 24.8%.

The cheapest rents in the country are in Donegal, where the average rent is €857 a month while the most expensive rents are in South County Dublin at an average of €2,314 a month.

IrelandMap_DAFT Daft.ie Daft.ie

The report also analysed the rent increases for current tenants – people who haven’t moved into new accommodation and are already leasing a property – with an average increase of 3.4% each year over the last 10 years.

These increases are seen more by sitting tenants in Dublin compared to tenants in other parts of the country.

Commenting on the report, Lyons said that there is a high demand for rental accommodation in Ireland while there is an inadequate supply of housing to meet that demand.

“While strong demand for housing reflects underlying economic health, it becomes a challenge when there is inadequate supply to meet it,” said Lyons.

“In Ireland’s case, the economy has suffered from an under-provision of new rental accommodation for over a decade. As a result, market rents have doubled and, as shown in this latest report, rental homes have become unbelievably scarce.”

Lyons adds that policymakers must allow the conditions for “tens of thousands” of new rental – both market and social – to be built in the coming years. 

Reaction

Reacting to the report, Sinn Féin’s Spokesperson on Housing, Eoin Ó Broin, said that the Government’s 2% rent cap was not working and called for a full rent freeze needed to be implemented.

“The government’s 2% rent cap is clearly not working,” said Ó Broin.

“We need a ban on rent increases on all existing and new tenancies, and we need government to put money back in renters’ pockets through a refundable tax credit worth a month’s rent.”

He called for additional affordable cost-rental housing to be delivered at scale, saying that at least 4,000 units a year were needed to meet the demand.

A spokesperson for Threshold, a charity which focuses on people’s rights to housing, said that the level of rent increases were due to an overreliance on the private sector to deliver housing.

“The rent increases reported in the Daft Q1 2022 rent report are the culmination of successive housing policies which have been over reliant on the private sector to provide housing,” said the spokesperson.

They called for more immediate action to “relieve the burden on renters”, but did say that the Government’s 10-year housing plan may bring relief in the long-term.

The spokesperson called for more immediate action on placing a right to housing within the constitution, calling it encouraging to see the Housing Commission begin its work.

The full Daft.ie report is available to read here.

Note: Journal Media Ltd has shareholders in common with Daft.ie publisher Distilled Media Group.

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    Mute Sean Higgins
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    Aug 7th 2016, 1:24 PM

    They should keep off those porn sites, nothing but trouble………..

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    Mute John Lynch
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    Aug 7th 2016, 1:33 PM

    You seem to be very familiar with those sites!

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    Mute Sean Higgins
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    Aug 7th 2016, 1:34 PM

    I was until I caught a virus……..

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    Mute Jester VonDoom
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    Aug 7th 2016, 1:39 PM

    its those genuine girls in your area who always trick you

    137
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    Mute Tweety McTweeter
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    Aug 7th 2016, 1:44 PM

    Better to get a virus from the promiscuous ladies on your computer than a virus from the promiscuous lady on the street

    99
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    Mute Stephen Brady
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    Aug 7th 2016, 1:59 PM

    Was it blue flu?

    36
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    Mute Alois Irlmaier
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    Aug 7th 2016, 5:16 PM

    I thought the same Sean?

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    Mute Motherofdivinejebus
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    Aug 7th 2016, 7:24 PM

    Roses are red,
    Violets are blue,
    I have Chlamydia,
    now you have too……

    9
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    Mute Paddy Lynn
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    Aug 7th 2016, 8:49 PM

    Swine flu, no?

    7
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    Mute Annette
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    Aug 7th 2016, 1:43 PM

    No point catching the virus, he will get suspended sentence. They need to eliminate it completely.

    156
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    Mute Elma Phudd
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    Aug 7th 2016, 1:52 PM

    The virus had 142 previous infections, but was a mutation from a troubled virus.

    154
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    Mute Ciarán Mac Domhnaill
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    Aug 7th 2016, 7:59 PM

    Hahaha

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    Mute Micheal OLainn
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    Aug 7th 2016, 9:01 PM

    I’m not confident in the integrity of the security of Garda IT systems.

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    Mute Apu Mohammed
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    Aug 7th 2016, 1:32 PM

    Rumour has it the virus refused to start working unless it got a pay rise

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    Mute ray.farrelly
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    Aug 7th 2016, 1:36 PM

    It was the blue flu virus.

    32
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    Mute ijlester
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    Aug 7th 2016, 2:53 PM

    I’ve long suspected that Garda Management have been infected by malware planted by the Government that affects their ability to represent the best interests of the force, and of the public and allows them sit idly by and let their numbers, resources & morale be decimated- telling us all the while that they are adequately resourced.

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    Mute rodrigo detriano
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    Aug 7th 2016, 2:09 PM

    Our police force is unfit for purpose. A shower of scruffy, unwashed money grabbers. A national embarrassment

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    Mute rodrigo detriano
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    Aug 7th 2016, 2:13 PM

    Was in a shop last week, when a female police officer was buying a breakfast roll. Christ her tie was still covered from yolk from her previous roll. Her hair was u kept, trousers looked like she’s slept in them, and her shoes looked like they’d been lying in a big. Disgusting

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    Mute Marty Borgnine
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    Aug 7th 2016, 2:24 PM

    You really are the biggest tool who posts on the Journal. You should invest some of that spare time in learning the English language.

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    Mute rodrigo detriano
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    Aug 7th 2016, 2:32 PM

    Are you one of that disgusting police force Martie?

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    Mute Paul Whyte
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    Aug 7th 2016, 2:45 PM

    Maybe she spent her night dealing with calls from your filthy riff raff housing estate.

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    Mute Nick Allen
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    Aug 7th 2016, 2:48 PM

    Nothing like a girl in uniform, then add a breakfast roll into the equation. Happy Days!

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    Mute rodrigo detriano
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    Aug 7th 2016, 3:13 PM

    God no! I don’t live in a housing estate. I only voice my opinion on the state of our police force. No one can deny how scruffy and uninterested they are! It’s all well and good to be patriotic, but some things have to be said.

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    Mute John Lynch
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    Aug 7th 2016, 7:03 PM

    Dirtbag

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    Mute John Lynch
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    Aug 7th 2016, 7:04 PM

    Waster

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    Mute Motherofdivinejebus
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    Aug 7th 2016, 7:25 PM

    Tell us how you really feel John……..

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    Mute Martin Ryan
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    Aug 7th 2016, 1:53 PM

    Even the computers are infected along with everything else in the AGS

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    Mute twit
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    Aug 7th 2016, 2:54 PM

    So Gardai are claiming they found a Zero day? If so, that is really good cyber Forensics work on their part!

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    Mute Just Himself
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    Aug 7th 2016, 11:30 PM

    I highly doubt it was their detection, more likely something triggered them to bring in a third party to analyse the affected system.

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    Mute Shaun Wright
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    Aug 7th 2016, 2:39 PM

    No doubt there will be rumbles of “well maybe we should update to Win 10″ now that it’s no longer free

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    Mute Seamus Corcoran
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    Aug 7th 2016, 3:12 PM

    You couldn’t update from xp which the gardai use.

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    Mute Just Himself
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    Aug 7th 2016, 11:27 PM

    It wasn’t free for commercial companies to upgrade and if they did upgrade they could be in for some fines if a Microsoft audit ever takes place.

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    Mute Shaun Wright
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    Aug 7th 2016, 2:24 PM

    Good aul An Garda Siochana and their Windows Millennium Edition…what hacker would want to write code to infect their outdated systems

    29
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    Mute AARO-SAURUS
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    Aug 7th 2016, 2:31 PM

    Somebody opening those penis enlargement emails.

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    Mute Ossi Fritsche
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    Aug 7th 2016, 2:07 PM

    How else are the guards supposed to download Taylor Swift, after she deleted from Spotify.

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    Mute Sean Callan
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    Aug 7th 2016, 1:50 PM

    Keep taking the ‘tablets’!!!!

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    Mute Alois Irlmaier
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    Aug 7th 2016, 5:17 PM

    Have the ex TD’s given the tablets back yet?

    11
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    Mute Teene Nyantoon
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    Aug 7th 2016, 1:25 PM

    If you’ve been hacked you’ll never know it. unless the inch hacked are released to the public media.

    14
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    Mute Teene Nyantoon
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    Aug 7th 2016, 2:01 PM

    information*

    8
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    Mute Darach Malone
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    Aug 7th 2016, 5:47 PM

    Probably using free AV software

    14
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    Mute Mindfulirish
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    Aug 7th 2016, 3:44 PM

    They might have found info on ambassadors and politicians selling Irish passports. They may even have people apply and then look after their application.

    11
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    Mute Peter
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    Aug 7th 2016, 4:29 PM

    Garda.ie is being redesigned, finally!

    10
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    Mute €uromancer
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    Aug 7th 2016, 6:17 PM

    With all the Garda cutbacks and underfunding, it’s more ‘Heartbeat’ than PULSE. I’d really hate to think anything bad happened to the Operation Mizen files though..

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    Mute fitzer
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    Aug 7th 2016, 11:18 PM

    Hope pulse doesn’t spit out all those speeding fines, Especially the supers.

    5
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    Mute Joey_Westland
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    Aug 7th 2016, 2:43 PM

    …….

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    Mute Danny Ward
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    Aug 7th 2016, 11:06 PM

    Malwarebytes.

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    Mute stefanovich
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    Aug 8th 2016, 10:57 AM

    Do the guards actually have a clue these days when it comes to computers? I remember back in the day. The internet a playground for the mischievous and the guards barely knew what a computer was.

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    Mute Gerry Fallon
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    Aug 7th 2016, 7:24 PM

    Yeah the virus is called the blue flu!

    1
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