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Dublin: 9°C Tuesday 18 January 2022

Good news for landlords, bad news for everyone else

The Daft.ie Rental report has just been released, and it’s not looking good for renters.

RENTS IN DUBLIN are between 30-40% higher than they were four years ago – and the rest of the country isn’t faring much better.

Source: Daft.ie

The Daft.ie Rental report was released this week and its findings are fairly bleak all round.

Source: Daft

A big part of the problem is there just aren’t available properties to rent. There were just under 1,000 homes to rent in Leinster (outside Dublin) on 1 August, down from 6,000 a little over five years ago.

map_dublin Source: Daft

Of course, the poor students are going to have a hard time finding anywhere to rent so close to college starting again. Economist Ronan Lyons, author of the report says,

Students are always going to suffer a bit more because they don’t have high incomes.”

map_leinster Source: Daft

While it’s no surprise to find rents on the rise in Dublin, the biggest rental jump is actually in Limerick – with rents increasing by over 24% for a single bed in the last 12 months.

Source: Daft

In Galway, rents are higher than at any period between 2006-2008  and most parts of Connacht saw a 2-3% increase in rents in the last 3 months.

map_munster Source: Daft

In Cork city, rents are up 10%, with the rest of Munster up between 9 and 24.5% from four years ago.

map_of_ireland Source: Daft

There may be the the tiniest of silver linings thought  if you already own a house – you can avail yourself of a €12,000 tax incentive to rent a room out and simultaneously help with the student accommodation crisis – particularly if you live near a university.

rent-a-room_dublin Source: Daft

Or, if you fancy living in Waterford, you’re in luck – it’s the only place in the country where the cost of a room rental dropped during this period.

Read: The figures are in: Are you paying above average for your rented property?

Also: Here is what it costs to rent a property in Ireland

About the author:

Edel Corrigan

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