The Daft.ie Rental Price ReportAn analysis of recent trends in the Irish rental market 2019 Q1
Introduction by Ronan Lyons, Assistant Professor at
Trinity College Dublin and author of the Daft Report.
The figures in this latest Daft.ie Rental Report do little to assuage the worries of policymakers, renters and others interested in a healthy rental market. For the 27th quarter in a row, rents have risen
nationally, quarter-on-quarter. And for the 13th
time in those 27 quarters, rents rose quarter-on-
quarter not just on average nationally but in each of
the 54 markets analysed in the report.
There are some crumbs of comfort. The national
annual rate of inflation was 8.3% in the first quarter
of 2019, its lowest level in five years. A second silver
lining is that rental inflation is lowest in the Greater
Dublin area. In Dublin, rents are 6.8% higher than
a year ago – and in Leinster, rents are 7.3% higher.
In other parts of the country, where rents are on
average lower, often much lower, inflation remains
above 10%.
But these are small consolations, at best. Nobody
could argue that an inflation rate of 7% or 8% is
anything like a healthy outcome. Ireland’s rental
market remains starved of supply. This can be seen
in the measure of availability included in the report.
On May 1st, there were just 2,700 properties
available to rent nationwide on daft.ie. This is the
lowest ever figure for stock on the market, in a
series that goes back to the start of 2006. The
length of this series allows us to put the current
rental shortage into perspective. During the
Celtic Tiger period, rental stock bottomed out at
just under 4,400 in early 2007. Only once in the
41 months and counting since the start of 2016
has the number of rental homes on the market
been above this Celtic Tiger low – and that was in
December of that year, an atypical month in the
rental market.
It has become fashionable among some market
commentators to deny the realities of supply and
demand. The roots of this stem from the Celtic
Tiger period, when – at first glance – it seemed that
supply and prices moved up together. Prices rose
at double-digit rates when the country was building
twice as many homes as it needed – surely, supply
is irrelevant for prices?
The answer to that conundrum is, of course, that
demand was increasing at an even faster rate.
Work from my own doctorate suggests that credit
conditions alone drove higher sale prices 2001-
2007 and, once loose credit is stripped out, the
normal relationship between supply and prices was
still there. Indeed, that is why prices fell by so much
once loose credit has stopped, 2007-2012.
A similar argument has now emerged in the rental
segment. It argues that supply cannot be the
Still some time before a healthyrental market
The Daft.ie Rental Price Report – 2019 Q1 | 2
Ronan Lyons, Assistant Professor of Economics at Trinity College Dublin
answer because newly built rental supply – for
example in the form of purpose-built student
accommodation or more recently “PRS” built-to-
rent homes – is expensive.
This misses the point of new supply entirely. To
see why, consider the example of cars. Suppose
a city had 100,000 cars, all of which were old and
well-travelled, and then imported 50,000 brand
new cars. Clearly, any one of the new cars will be
more expensive than the old one. And, if you took
a simple average price of all cars, you might think
cars had become more expensive.
But the true measure of the effect of the new cars
is what happens the price of the old cars. The influx
of new cars would mean that each of the older
cars has now fallen in price. This highlights the
importance of measuring on a like for like basis,
when thinking about price trends. Even if newly-
built rental accommodation is more expensive than
the market average – which incidentally is almost
always true, given the high spec of new homes –
the price of other accommodation will be lower
than if those new homes hadn’t been built.
The figure accompanying this piece shows the
reality of what rental supply does in the Irish
market – more specifically the Dublin rental market.
The horizontal axis measures how many properties
were listed for rent in the capital in a particular
quarter, while the vertical axis shows what
happened rents in the city in that quarter. Each dot
shows what happened in any given quarter and
together they show a clear downward trend. The
more properties listed for rent in a three-month
period, the more downward pressures on rents in
the city.
The figure actually tells us more than just that the
basic laws of economics apply to the Dublin rental
market. They also suggest that the level of supply
needed for rents to not change is about 13,000 per
quarter, or 1,000 per week. Currently, the Dublin
market is getting half that – about 500 per week.
To close that gap, Dublin needs to build tens of
thousands more rental homes. How many depends
on how frequently these change tenants. Suppose
the average tenancy last three years, which is
somewhat shorter than is currently the case (and
thus lowering the total number of homes needed).
In that case, Dublin would need build an extra 500
rental homes to come on the market each week
for those full three years, to close the gap between
the 500 that are coming on and the 500 that are
needed.
That’s almost 80,000 rental homes that Dublin
needs to build, as soon as possible. The solution is
not going to be in hoping that amateur landlords
price out first-time buyers in the existing housing
stock. Rather, the solution is clearly going to
involve new purpose-built rental supply, made by
professional developers and backed by long-term
international capital. Firms that do this are hardly
cuckoos, pushing us out of our nests. They are
swallows, each one bringing us closer to a summer.
3 | The Daft.ie Rental Price Report – 2019 Q1
8.3%(Year-on-year change in the average listed rent)
Rents Rise Nationally
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
January 127.5 137.4 119.9 103.2 99.8 99.0 102.0 109.7 120.4 132.1 148.9 164.8 180.2
February 131.5 137.4 116.8 102.3 100.6 98.8 103.3 111.1 121.7 132.4 150.7 168.3 181.6
March 133.4 135.8 114.3 102.1 100.3 98.6 103.4 112.3 122.2 133.7 151.7 170.0 183.1
April 133.8 135.2 112.3 101.5 100.2 98.4 104.0 113.3 123.2 134.5 152.5 170.5 184.1
May 134.5 133.4 110.6 101.1 100.1 98.8 103.7 114.6 124.2 138.9 154.3 174.1
June 135.1 132.0 109.1 100.5 99.8 99.0 103.6 115.3 125.2 140.4 155.7 175.3
July 135.3 132.1 107.7 100.4 100.3 99.6 105.4 116.3 126.7 140.7 157.3 175.4
August 136.4 131.2 107.3 101.4 100.3 100.6 106.7 117.3 128.3 143.7 160.1 177.6
September 136.9 130.3 106.2 101.1 99.7 100.7 107.4 118.3 129.6 145.4 160.7 179.0
October 136.6 127.5 104.7 100.7 99.1 100.7 107.9 118.8 130.2 146.5 161.3 178.3
November 136.4 123.3 102.6 99.1 98.3 101.5 107.7 119.6 129.7 148.3 163.6 179.2
December 136.6 120.1 101.7 98.9 98.7 101.2 108.3 119.9 130.5 148.3 164.4 179.6
Daft.ie National Rental Index(2012 average = 100)
The Daft.ie Rental Price Report – 2019 Q1 | 4
€1,366
Average Nationwide
RentRents rise 1.5% in first quarterRents nationwide rose by 1.5% in the first quarter of 2019, the second smallest quarterly increase in five years.
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Stock of properties to rent on Daft.ie (start of month) and flow of new properties to rent, 2006-2019
Stock Inflow Outflow
0
5,000
10,000
15,000
20,000
25,000
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Inflation highest outside LeinsterRents in Dublin are 7% higher than a year ago - while rents in Munster, Connacht and Ulster, outside the cities, have risen by 12% in the same period.
Availability at its lowest ever levelThere were just 2,700 homes available to rent nationwide on May 1st, the lowest total ever recorded in a series dating back to 2006.
The index is based on asking rents for properties advertised to let on Daft.ie. Figures are calculated from econometric regressions, which calculate changes in price that are independent of changes in observable measures of quality, such as location, or bedroom number.
7 | The Daft.ie Rental Price Report – 2019 Q1
Cork City€1,331 | 10.0%
Limerick City€1,195 | 14.4%
Galway City€1,260 | 11.4%
Waterford City€968 | 13.6%
NationwideAverage rental prices and Y-on-Y change
DublinAverage rental prices and Y-on-Y change
North County€1,671 | 6.9%
South County€2,190 | 6.7%
West County€1,778 | 7.7%
South City€2,131 | 7.0%
City Centre€2,046 | 6.4%
North City€1,881 | 6.8%
MN€79911.2%
CN€74010.5%
WH€95511.6%
LD€69310.4%
LH€1,2067.6%
MH€1,2997.4%
KE€1,3145.4%
WW€1,383
7.1%
WX€8377.4%
CW€9178.3%
KK€9396.7%
LS€9349.0%
OY€8848.5%
G€90616.6%
MO€73111.8%
SO€76011.8%
DL€6458.5%
RN€69911.7%
LM€5908.1%
CE€8329.8%
T€83210.8%
L€86411.4%
C€1,00612.7%
KY€84811.8%
W€92816.0% Rents now 33% higher than their 2008 peak
The average market rent nationwide has risen by 84% since
bottoming out in late 2011 and, having exceeded its 2008
peak in 2016, is now 32.7% above the previous high. In Dublin,
rents are now an average of 39% above their previous peak
while in Cork and Galway cities, rents are 32% and 49% above
levels recorded a dozen years ago. Outside the cities, the
average rent is 24% above its previous peak.
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1 bed apartment 2 bed house 3 bed house 4 bed house 5 bed house
Dublin 1 €1,589 3.9% €1,937 4.3% €2,417 4.9% €3,048 8.4% €3,565 6.9%
Dublin 2 €1,846 3.5% €2,197 3.7% €2,623 4.6% €3,102 5.4% €3,599 6.3%
Dublin 3 €1,574 6.1% €1,852 5.3% €2,135 4.1% €2,447 4.4% €2,732 12.3%
Dublin 4 €1,976 5.4% €2,268 5.7% €2,603 5.4% €2,955 7.4% €3,109 2.2%
Dublin 5 €1,467 9.3% €1,689 8.7% €1,966 7.3% €2,141 6.3% €2,312 9.9%
Dublin 6 €1,799 8.1% €2,072 7.5% €2,411 6.1% €2,626 5.1% €2,837 8.6%
Dublin 6W €1,597 8.0% €1,839 7.4% €2,140 6.0% €2,331 5.1% €2,518 8.6%
Dublin 7 €1,570 6.8% €1,808 6.2% €2,104 4.8% €2,292 3.9% €2,475 7.3%
Dublin 8 €1,656 7.6% €1,906 7.0% €2,218 5.6% €2,416 4.6% €2,610 8.1%
Dublin 9 €1,473 7.0% €1,696 6.4% €1,974 5.0% €2,150 4.1% €2,322 7.5%
Dublin 10 €1,435 14.0% €1,652 13.3% €1,923 11.9% €2,095 10.9% €2,262 14.6%
Dublin 11 €1,363 8.4% €1,569 7.7% €1,826 6.4% €1,989 5.4% €2,148 8.9%
Dublin 12 €1,444 6.8% €1,662 6.2% €1,935 4.8% €2,107 3.9% €2,276 7.3%
Dublin 13 €1,445 6.3% €1,664 5.7% €1,937 4.3% €2,110 3.4% €2,279 6.8%
Dublin 14 €1,572 6.0% €1,809 5.4% €2,106 4.0% €2,294 3.1% €2,478 6.5%
Dublin 15 €1,328 7.4% €1,529 6.7% €1,780 5.4% €1,939 4.4% €2,094 7.9%
Dublin 16 €1,432 8.0% €1,648 7.4% €1,919 6.0% €2,090 5.0% €2,257 8.5%
Dublin 17 €1,418 9.8% €1,632 9.2% €1,900 7.8% €2,070 6.8% €2,235 10.4%
Dublin 18 €1,597 7.9% €1,838 7.3% €2,140 5.9% €2,331 4.9% €2,517 8.4%
Dublin 20 €1,449 8.2% €1,668 7.6% €1,942 6.2% €2,115 5.2% €2,284 8.7%
Dublin 22 €1,332 10.7% €1,534 10.0% €1,785 8.6% €1,944 7.6% €2,100 11.2%
Dublin 24 €1,320 5.1% €1,519 4.5% €1,769 3.2% €1,926 2.3% €2,080 5.7%
North Co Dublin €1,247 7.7% €1,436 7.1% €1,671 5.7% €1,820 4.8% €1,966 8.2%
South Co Dublin €1,649 7.0% €1,899 6.4% €2,210 5.1% €2,407 4.1% €2,600 7.6%
West Dublin €1,291 8.5% €1,486 7.8% €1,730 6.5% €1,884 5.5% €2,035 9.0%
Cork City €1,005 10.0% €1,147 9.8% €1,335 8.4% €1,454 7.4% €1,570 11.0%
Galway City €930 11.5% €1,061 11.3% €1,235 9.9% €1,346 8.9% €1,453 12.5%
Limerick City €878 14.2% €1,003 14.0% €1,167 12.6% €1,271 11.6% €1,373 15.3%
Waterford City €731 13.5% €835 13.3% €972 11.9% €1,058 10.9% €1,143 14.6%
1 bed apartment 2 bed house 3 bed house 4 bed house 5 bed house
Meath €922 6.3% €1,072 6.9% €1,247 5.5% €1,359 4.5% €1,467 8.0%
Kildare €943 4.4% €1,096 4.9% €1,276 3.6% €1,390 2.7% €1,501 6.1%
Wicklow €1,009 5.8% €1,173 6.3% €1,365 5.0% €1,487 4.0% €1,606 7.5%
Louth €861 6.5% €1,001 7.0% €1,165 5.6% €1,269 4.7% €1,371 8.2%
Longford €503 9.2% €585 9.7% €680 8.3% €741 7.4% €800 10.9%
Offaly €627 7.7% €729 8.3% €849 6.9% €924 5.9% €998 9.5%
Westmeath €682 10.9% €793 11.4% €923 10.0% €1,005 9.0% €1,086 12.6%
Laois €665 8.5% €773 9.0% €900 7.6% €980 6.7% €1,058 10.2%
Carlow €643 7.7% €748 8.2% €871 6.8% €948 5.9% €1,024 9.4%
Kilkenny €659 6.0% €767 6.6% €892 5.2% €972 4.3% €1,050 7.7%
Wexford €596 6.5% €693 7.0% €806 5.6% €878 4.7% €949 8.2%
Waterford Co €633 15.0% €728 13.3% €847 11.8% €922 10.8% €996 14.5%
Kerry €578 10.9% €664 9.2% €773 7.8% €842 6.9% €910 10.4%
Cork Co €695 11.9% €798 10.2% €929 8.8% €1,012 7.9% €1,093 11.4%
Clare €568 8.5% €652 6.9% €759 5.5% €827 4.6% €893 8.0%
Limerick Co €581 11.1% €668 9.5% €778 8.1% €847 7.1% €915 10.7%
Tipperary €570 9.9% €655 8.3% €762 6.9% €830 6.0% €896 9.5%
Galway Co €626 12.6% €727 14.3% €846 12.8% €921 11.8% €995 15.5%
Mayo €510 8.2% €592 9.7% €689 8.3% €750 7.3% €810 10.9%
Roscommon €482 8.5% €560 10.0% €651 8.6% €709 7.6% €766 11.2%
Sligo €541 8.1% €628 9.6% €732 8.2% €797 7.2% €860 10.8%
Leitrim €430 4.5% €499 6.0% €581 4.6% €633 3.7% €683 7.1%
Donegal €454 6.2% €527 7.7% €614 6.3% €668 5.4% €722 8.9%
Cavan €512 6.7% €595 8.3% €693 6.9% €754 5.9% €815 9.4%
Monaghan €566 7.6% €657 9.2% €765 7.8% €833 6.8% €899 10.3%
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Daft.ie Snapshot of Rents Nationwide What can I ask for? Can I afford it?Average monthly rents across Ireland (€), and annual change (%), 2019 Q1.
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1 bed apartment 2 bed house 3 bed house 4 bed house 5 bed house
Dublin 1 8.6% 0.0% 7.2% 0.2% 6.8% 0.3% 6.3% 0.6% 5.9% 0.5%
Dublin 2 6.8% 0.1% 6.2% 0.4% 5.9% 0.7% 5.0% 0.6% 4.9% 0.6%
Dublin 3 7.2% -0.2% 6.0% -0.2% 5.5% 0.2% 4.2% 0.1% 3.8% 0.4%
Dublin 4 7.5% 0.5% 6.0% 0.4% 4.7% 0.3% 3.4% 0.3% 3.1% 0.4%
Dublin 5 8.8% 0.2% 7.2% -0.2% 6.3% 0.3% 4.2% 0.0% 3.9% 0.2%
Dublin 6 6.2% 0.1% 5.0% -0.2% 4.4% 0.2% 3.0% 0.0% 2.7% 0.1%
Dublin 6W 7.2% 0.4% 5.9% 0.0% 5.1% 0.4% 3.4% 0.1% 3.2% 0.2%
Dublin 7 8.6% 0.2% 7.0% -0.2% 6.1% 0.3% 4.1% 0.0% 3.8% 0.2%
Dublin 8 8.9% 0.3% 7.2% -0.1% 6.4% 0.4% 4.2% 0.1% 3.9% 0.2%
Dublin 9 8.5% 0.1% 6.9% -0.3% 6.1% 0.2% 4.1% 0.0% 3.8% 0.1%
Dublin 10 12.2% 0.8% 10.0% 0.2% 8.8% 0.8% 5.8% 0.3% 5.4% 0.4%
Dublin 11 10.3% 0.3% 8.4% -0.2% 7.3% 0.4% 4.9% 0.1% 4.6% 0.2%
Dublin 12 9.5% 0.0% 7.7% -0.4% 6.8% 0.2% 4.5% -0.1% 4.2% 0.1%
Dublin 13 8.4% 0.1% 6.9% -0.3% 6.0% 0.2% 4.0% 0.0% 3.7% 0.1%
Dublin 14 7.1% 0.0% 5.8% -0.3% 5.1% 0.1% 3.4% -0.1% 3.2% 0.0%
Dublin 15 9.8% 0.2% 8.0% -0.2% 7.0% 0.4% 4.7% 0.0% 4.4% 0.2%
Dublin 16 7.7% 0.3% 6.3% -0.1% 5.5% 0.4% 3.7% 0.1% 3.4% 0.2%
Dublin 17 12.8% 1.8% 10.4% 1.0% 9.1% 1.5% 6.1% 0.8% 5.7% 0.9%
Dublin 18 7.7% 0.2% 6.3% -0.2% 5.5% 0.3% 3.7% 0.0% 3.4% 0.1%
Dublin 20 9.4% 0.1% 7.6% -0.3% 6.7% 0.3% 4.5% 0.0% 4.1% 0.1%
Dublin 22 11.9% 0.6% 9.7% 0.0% 8.5% 0.7% 5.7% 0.2% 5.3% 0.4%
Dublin 24 11.0% 0.0% 9.0% -0.5% 7.9% 0.2% 5.2% -0.1% 4.9% 0.1%
North Co Dublin 9.2% 0.2% 7.5% -0.2% 6.6% 0.4% 4.4% 0.1% 4.1% 0.2%
South Co Dublin 6.7% 0.2% 5.5% -0.1% 4.8% 0.3% 3.2% 0.0% 3.0% 0.1%
West Dublin 10.1% 0.5% 8.2% 0.1% 7.2% 0.6% 4.8% 0.2% 4.5% 0.3%
Cork City 9.9% 0.1% 8.3% -0.1% 6.7% 0.3% 4.3% -0.1% 3.8% 0.1%
Galway City 9.4% 0.1% 7.9% -0.1% 6.4% 0.3% 4.1% -0.1% 3.6% 0.1%
Limerick City 11.8% 0.3% 9.9% 0.0% 8.0% 0.4% 5.1% 0.0% 4.5% 0.2%
Waterford City 11.3% 0.2% 9.4% 0.0% 7.6% 0.4% 4.9% 0.0% 4.3% 0.2%
1 bed apartment 2 bed house 3 bed house 4 bed house 5 bed house
Meath 10.6% -0.1% 9.0% -0.4% 8.0% 0.1% 4.5% -0.1% 4.4% -0.1%
Kildare 10.3% 0.0% 8.7% -0.3% 7.8% 0.2% 4.3% -0.1% 4.3% 0.0%
Wicklow 8.8% 0.1% 7.5% -0.2% 6.6% 0.2% 3.7% 0.0% 3.6% 0.0%
Louth 11.2% 0.1% 9.5% -0.3% 8.4% 0.2% 4.7% 0.0% 4.6% 0.0%
Longford 11.6% -0.2% 9.8% -0.5% 8.7% 0.1% 4.9% -0.2% 4.8% -0.1%
Offaly 10.3% 0.0% 8.8% -0.3% 7.8% 0.2% 4.3% -0.1% 4.3% 0.0%
Westmeath 10.3% 0.2% 8.7% -0.2% 7.7% 0.3% 4.3% 0.0% 4.3% 0.0%
Laois 11.0% -0.2% 9.3% -0.5% 8.3% 0.0% 4.6% -0.2% 4.6% -0.1%
Carlow 10.3% -0.4% 8.7% -0.6% 7.7% -0.1% 4.3% -0.2% 4.3% -0.2%
Kilkenny 9.4% 0.0% 7.9% -0.2% 7.0% 0.2% 3.9% -0.1% 3.9% 0.0%
Wexford 9.4% 0.1% 8.0% -0.2% 7.1% 0.2% 3.9% 0.0% 3.9% 0.0%
Waterford Co 8.7% 0.5% 7.9% -0.2% 6.9% 0.4% 3.8% 0.1% 3.8% 0.1%
Kerry 9.2% 0.3% 8.4% -0.5% 7.3% 0.2% 4.0% 0.0% 4.1% 0.0%
Cork Co 9.4% 0.4% 8.5% -0.3% 7.4% 0.4% 4.0% 0.1% 4.1% 0.0%
Clare 9.1% -0.2% 8.2% -1.0% 7.2% -0.2% 3.9% -0.2% 4.0% -0.3%
Limerick Co 9.6% -0.2% 8.8% -1.0% 7.7% -0.2% 4.2% -0.2% 4.3% -0.3%
Tipperary 9.6% -0.1% 8.7% -0.9% 7.6% -0.1% 4.1% -0.2% 4.2% -0.2%
Galway Co 11.4% 0.5% 9.7% 0.1% 8.6% 0.7% 4.7% 0.2% 4.7% 0.3%
Mayo 10.7% -0.3% 9.1% -0.6% 8.0% 0.1% 4.5% -0.1% 4.4% 0.0%
Roscommon 11.7% -0.5% 9.9% -0.8% 8.8% 0.0% 4.9% -0.2% 4.8% -0.1%
Sligo 11.7% -0.3% 9.9% -0.6% 8.7% 0.2% 4.8% -0.1% 4.8% 0.0%
Leitrim 10.4% -1.1% 8.8% -1.2% 7.8% -0.4% 4.3% -0.4% 4.3% -0.3%
Donegal 10.8% -0.2% 9.1% -0.5% 8.1% 0.2% 4.5% -0.1% 4.4% 0.0%
Cavan 11.1% -0.8% 9.5% -1.0% 8.3% -0.2% 4.6% -0.3% 4.6% -0.2%
Monaghan 10.9% -0.3% 9.3% -0.6% 8.2% 0.2% 4.5% -0.1% 4.5% 0.0%
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Daft.ie Snapshot of YieldsThe yield is the ratio of annual rents to the price of the property. It is comparable to an interest rate and is frequently used as a measure of how healthy the property market is. Gross annual yields across Ireland (%), and year-on-year change (in percentage points), 2019 Q1.
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1 bed apartment 2 bed house 3 bed house 4 bed house 5 bed house
Mortgage (3.5%)
Mortgage+2%
Rent Mortgage (3.5%)
Mortgage+2%
Rent Mortgage (3.5%)
Mortgage+2%
Rent Mortgage (3.5%)
Mortgage+2%
Rent Mortgage (3.5%)
Mortgage+2%
Rent
Dublin 1 €849 €1,073 €1,589 €1,237 €1,565 €1,937 €1,618 €2,046 €2,417 €2,211 €2,796 €3,048 €2,775 €3,509 €3,565
Dublin 2 €1,247 €1,576 €1,846 €1,627 €2,057 €2,197 €2,029 €2,566 €2,623 €2,845 €3,598 €3,102 €3,391 €4,287 €3,599
Dublin 3 €1,008 €1,274 €1,574 €1,406 €1,778 €1,852 €1,791 €2,265 €2,135 €2,677 €3,385 €2,447 €3,279 €4,146 €2,732
Dublin 4 €1,205 €1,524 €1,976 €1,726 €2,182 €2,268 €2,535 €3,206 €2,603 €3,972 €5,022 €2,955 €4,602 €5,819 €3,109
Dublin 5 €763 €964 €1,467 €1,078 €1,363 €1,689 €1,429 €1,807 €1,966 €2,332 €2,949 €2,141 €2,715 €3,432 €2,312
Dublin 6 €1,333 €1,685 €1,799 €1,884 €2,383 €2,072 €2,498 €3,159 €2,411 €4,076 €5,154 €2,626 €4,744 €5,999 €2,837
Dublin 6W €1,017 €1,286 €1,597 €1,438 €1,818 €1,839 €1,906 €2,410 €2,140 €3,110 €3,932 €2,331 €3,620 €4,577 €2,518
Dublin 7 €839 €1,060 €1,570 €1,186 €1,499 €1,808 €1,572 €1,988 €2,104 €2,565 €3,243 €2,292 €2,985 €3,775 €2,475
Dublin 8 €853 €1,078 €1,656 €1,206 €1,524 €1,906 €1,598 €2,021 €2,218 €2,608 €3,297 €2,416 €3,035 €3,838 €2,610
Dublin 9 €791 €1,001 €1,473 €1,119 €1,415 €1,696 €1,483 €1,875 €1,974 €2,420 €3,060 €2,150 €2,817 €3,562 €2,322
Dublin 10 €537 €679 €1,435 €759 €960 €1,652 €1,006 €1,272 €1,923 €1,642 €2,076 €2,095 €1,911 €2,416 €2,262
Dublin 11 €607 €768 €1,363 €858 €1,085 €1,569 €1,138 €1,439 €1,826 €1,857 €2,348 €1,989 €2,161 €2,733 €2,148
Dublin 12 €698 €883 €1,444 €987 €1,248 €1,662 €1,308 €1,654 €1,935 €2,135 €2,699 €2,107 €2,485 €3,142 €2,276
Dublin 13 €785 €993 €1,445 €1,110 €1,404 €1,664 €1,472 €1,861 €1,937 €2,401 €3,036 €2,110 €2,795 €3,534 €2,279
Dublin 14 €1,010 €1,277 €1,572 €1,428 €1,805 €1,809 €1,893 €2,393 €2,106 €3,088 €3,905 €2,294 €3,595 €4,545 €2,478
Dublin 15 €618 €782 €1,328 €874 €1,105 €1,529 €1,159 €1,465 €1,780 €1,890 €2,390 €1,939 €2,200 €2,782 €2,094
Dublin 16 €853 €1,078 €1,432 €1,206 €1,524 €1,648 €1,598 €2,021 €1,919 €2,608 €3,297 €2,090 €3,035 €3,838 €2,257
Dublin 17 €508 €642 €1,418 €718 €908 €1,632 €952 €1,204 €1,900 €1,553 €1,964 €2,070 €1,808 €2,286 €2,235
Dublin 18 €949 €1,200 €1,597 €1,341 €1,696 €1,838 €1,778 €2,249 €2,140 €2,902 €3,669 €2,331 €3,377 €4,270 €2,517
Dublin 20 €709 €897 €1,449 €1,003 €1,268 €1,668 €1,330 €1,681 €1,942 €2,169 €2,743 €2,115 €2,525 €3,193 €2,284
Dublin 22 €513 €648 €1,332 €725 €917 €1,534 €961 €1,215 €1,785 €1,568 €1,983 €1,944 €1,825 €2,308 €2,100
Dublin 24 €550 €695 €1,320 €777 €982 €1,519 €1,030 €1,303 €1,769 €1,681 €2,125 €1,926 €1,956 €2,474 €2,080
North Co Dublin €618 €782 €1,247 €874 €1,105 €1,436 €1,159 €1,465 €1,671 €1,891 €2,391 €1,820 €2,201 €2,783 €1,966
South Co Dublin €1,120 €1,416 €1,649 €1,583 €2,002 €1,899 €2,099 €2,654 €2,210 €3,424 €4,330 €2,407 €3,986 €5,040 €2,600
West Dublin €584 €739 €1,291 €826 €1,044 €1,486 €1,095 €1,384 €1,730 €1,786 €2,259 €1,884 €2,079 €2,629 €2,035
Cork City €463 €586 €1,005 €632 €800 €1,147 €908 €1,148 €1,335 €1,540 €1,947 €1,454 €1,884 €2,382 €1,570
Galway City €453 €573 €930 €618 €782 €1,061 €888 €1,122 €1,235 €1,506 €1,904 €1,346 €1,842 €2,329 €1,453
Limerick City €341 €431 €878 €465 €588 €1,003 €668 €844 €1,167 €1,133 €1,432 €1,271 €1,386 €1,752 €1,373
Waterford City €298 €376 €731 €406 €514 €835 €583 €737 €972 €989 €1,251 €1,058 €1,210 €1,530 €1,143
DU
BLIN
To buy or to rent?Using the Daft.ie House Price and Rental reports, it is possible to calculate the average mortgage payment as well as the average rent, for properties around the country. Current mortgage repayments based off the following parameters: 3.5% variable mortgage, for a term of 30 years, with 85% LTV, while a figure is also given for the case where mortgage rates rise by two percentage points. Average mortgage and rent payments compared, across Ireland, 2019 Q1.
The Daft.ie Rental Price Report – 2019 Q1 | 1615 | The Daft.ie Rental Price Report – 2019 Q1
ULS
TER
1 bed apartment 2 bed house 3 bed house 4 bed house 5 bed house
Mortgage (3.5%)
Mortgage+2%
Rent Mortgage (3.5%)
Mortgage+2%
Rent Mortgage (3.5%)
Mortgage+2%
Rent Mortgage (3.5%)
Mortgage+2%
Rent Mortgage (3.5%)
Mortgage+2%
Rent
Meath €398 €503 €922 €547 €692 €1,072 €718 €907 €1,247 €1,398 €1,767 €1,359 €1,532 €1,938 €1,467
Kildare €418 €528 €943 €574 €726 €1,096 €753 €952 €1,276 €1,467 €1,854 €1,390 €1,608 €2,033 €1,501
Wicklow €524 €663 €1,009 €721 €911 €1,173 €945 €1,195 €1,365 €1,841 €2,328 €1,487 €2,019 €2,553 €1,606
Louth €351 €444 €861 €482 €610 €1,001 €632 €800 €1,165 €1,232 €1,558 €1,269 €1,351 €1,708 €1,371
Longford €198 €251 €503 €272 €344 €585 €357 €452 €680 €696 €880 €741 €763 €965 €800
Offaly €278 €351 €627 €382 €483 €729 €501 €633 €849 €975 €1,233 €924 €1,069 €1,352 €998
Westmeath €304 €384 €682 €417 €528 €793 €547 €692 €923 €1,066 €1,348 €1,005 €1,169 €1,479 €1,086
Laois €276 €349 €665 €379 €480 €773 €498 €629 €900 €970 €1,226 €980 €1,063 €1,344 €1,058
Carlow €286 €362 €643 €394 €498 €748 €516 €653 €871 €1,005 €1,271 €948 €1,103 €1,394 €1,024
Kilkenny €322 €408 €659 €443 €560 €767 €581 €735 €892 €1,132 €1,432 €972 €1,242 €1,570 €1,050
Wexford €290 €367 €596 €399 €504 €693 €523 €662 €806 €1,019 €1,289 €878 €1,118 €1,413 €949
Waterford Co €333 €421 €633 €421 €532 €728 €560 €708 €847 €1,124 €1,421 €922 €1,187 €1,500 €996
Kerry €287 €363 €578 €363 €459 €664 €483 €611 €773 €969 €1,225 €842 €1,023 €1,293 €910
Cork Co €340 €430 €695 €430 €544 €798 €572 €723 €929 €1,148 €1,451 €1,012 €1,212 €1,532 €1,093
Clare €287 €363 €568 €363 €459 €652 €483 €611 €759 €969 €1,225 €827 €1,023 €1,293 €893
Limerick Co €276 €349 €581 €350 €442 €668 €465 €588 €778 €933 €1,180 €847 €985 €1,246 €915
Tipperary €272 €344 €570 €345 €436 €655 €458 €580 €762 €920 €1,163 €830 €971 €1,228 €896
Galway Co €251 €317 €626 €343 €433 €727 €453 €572 €846 €890 €1,125 €921 €973 €1,230 €995
Mayo €217 €275 €510 €297 €376 €592 €392 €496 €689 €772 €976 €750 €843 €1,066 €810
Roscommon €189 €238 €482 €258 €326 €560 €340 €430 €651 €669 €846 €709 €732 €925 €766
Sligo €213 €269 €541 €290 €367 €628 €384 €485 €732 €754 €954 €797 €825 €1,043 €860
Leitrim €189 €239 €430 €259 €327 €499 €342 €432 €581 €672 €849 €633 €734 €929 €683
Donegal €193 €244 €454 €264 €334 €527 €349 €441 €614 €686 €868 €668 €750 €948 €722
Cavan €211 €266 €512 €288 €364 €595 €380 €481 €693 €748 €946 €754 €818 €1,034 €815
Monaghan €238 €301 €566 €325 €411 €657 €430 €543 €765 €845 €1,068 €833 €923 €1,167 €899
LEIN
STER
MU
NST
ERCO
NN
ACH
T
To buy or to rent?Using the Daft.ie House Price and Rental reports, it is possible to calculate the average mortgage payment as well as the average rent, for properties around the country. Current mortgage repayments based off the following parameters: 3.5% variable mortgage, for a term of 30 years, with 85% LTV, while a figure is also given for the case where mortgage rates rise by two percentage points. Average mortgage and rent payments compared, across Ireland, 2019 Q1.
DublinInflation at six-year low
North CityAverage price: €337,594Qtr-on-qtr change: -1.2%Year-on-year change: 2.5%Change from trough: 71.3%
City CentreAverage price: €330,683Qtr-on-qtr change: -1.8%Year-on-year change: 4.7%Change from trough: 97.2%
South CityAverage price: €407,404Qtr-on-qtr change: -1.2%Year-on-year change: 3.2%Change from trough: 67.5%
North CountyAverage price: €311,916
Qtr-on-qtr change: -1.1%Year-on-year change: 1.5%
Change from trough: 53.0%
West CountyAverage price: €300,842
Qtr-on-qtr change: -1.8%Year-on-year change: -1.1%Change from trough: 61.9%
South CountyAverage price: €591,096
Qtr-on-qtr change: -2.0%Year-on-year change: 4.8%
Change from trough: 70.8%
Dublin City Centre North Dublin City South Dublin City North County Dublin South County Dublin West County Dublin
Q12006
Q12007
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Q12009
Q12010
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Q12012
Q12013
Q12014
Q12015
€1,800
€1,700
€1,600
€1,500
€1,400
€1,300
€1,200
€1,100
€1,000
€900
€800
Average rental price by area, 2006-2019.
Q12016
Q12018
€1,900
Q12017
€2,000
€2,100
Dublin Trends Q1 2019€2,200
Q12019
The Daft.ie Rental Price Report – 2019 Q1 | 1817 | The Daft.ie Rental Price Report – 2019 Q1
Majority of areas see rents doubleSince 2012, rents have risen by 100% or more in 15 of
Dublin’s 25 markets - the smallest increase remains
in South County Dublin (87%).
Availability decreasesThere were just over 1,200 properties available
to rent in Dublin on May 1, down 8% year-on-year
and ending nine months of small improvements in
availability.
6% increase in room costsThe cost of a single or double room in Dublin was
roughly 5% higher in the first quarter of 2019 than a
year earlier.
Rents rise 7% year-on-yearRents in Dublin were 6.8% higher in the first quarter
of 2019 than a year earlier - the lowest rate of
increase since the start of 2013.
Double BedRENTAL AREAS
Dublin City CentreNorth Dublin CitySouth Dublin CityNorth Co. DublinSouth Co. DublinWest Co. Dublin
AVG. RENT YR/YR CHANGE AVG. RENT YR/YR CHANGE
Single Bed
Rent-a-Room Trends Q1 2019
€ 700€ 571€ 587€ 498€ 594€ 495
8.4%7.9%4.1%4.4%6.3%2.7%
€ 785€ 690€ 743€ 621€ 716€ 640
2.1%5.3%3.6%5.8%4.5%6.5%
North CityAverage rent: €1,881Qtr-on-qtr: 1.2%Year-on-year: 6.8%Change from trough: 102.0%
City CentreAverage rent: €2,046Qtr-on-qtr: 0.9%Year-on-year: 6.4%Change from trough: 108.5%
South CityAverage rent: €2,131Qtr-on-qtr: 1.0%Year-on-year: 7.0%Change from trough: 96.5%
North CountyAverage rent: €1,671
Qtr-on-qtr: 1.5%Year-on-year: 6.9%
Change from trough: 94.4%
West CountyAverage rent: €1,778
Qtr-on-qtr: 1.0%Year-on-year: 7.7%
Change from trough: 97.5%
South CountyAverage rent: €2,190
Qtr-on-qtr: 0.9%Year-on-year: 6.7%
Change from trough: 87.0%
LeinsterIncreases in all counties in Q1
LouthAverage Price: €215,274Qtr-on-qtr change: -2.0%Year-on-year change: 4.6%Change from trough: 68.8%
MeathAverage Price: €262,268Qtr-on-qtr change: -1.5%Year-on-year change: 6.6%Change from trough: 74.7%
KildareAverage Price: €261,906Qtr-on-qtr change: -1.2%Year-on-year change: 4.7%Change from trough: 67.0%
WicklowAverage Price: €333,804Qtr-on-qtr change: -1.8%Year-on-year change: 6.4%Change from trough: 64.2%
WexfordAverage Price: €206,779Qtr-on-qtr change: -1.6%Year-on-year change: 7.3%Change from trough: 65.5%
LongfordAverage Price: €136,995
Qtr-on-qtr change: -1.2%Year-on-year change: 6.5%
Change from trough: 62.6%
WestmeathAverage Price: €200,455Qtr-on-qtr change: 0.1%
Year-on-year change: 9.4%Change from trough: 69.8%
OffalyAverage Price: €186,725
Qtr-on-qtr change: -1.1%Year-on-year change: 10.0%Change from trough: 54.6%
LaoisAverage Price: €176,753
Qtr-on-qtr change: -0.8%Year-on-year change: 12.0%Change from trough: 70.4%
KilkennyAverage Price: €220,978
Qtr-on-qtr change: -0.9%Year-on-year change: 6.8%
Change from trough: 67.0%
CarlowAverage Price: €189,745Qtr-on-qtr change: 0.2%
Year-on-year change: 9.0%From trough: 62.1%
Dublin Commuter Counties West Leinster South-East Leinster
€1,100
€1,000
€900
€800
€700
€600
€500
€400
Average rental prices by area, 2006-2019.
Q12006
Q12007
Q12008
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Q12010
Q12011
Q12012
Q12013
Q12014
Q12015
Q12016
Q12018
€1,200
Q12017
Leinster Trends Q1 2019 €1,300
Q12018
The Daft.ie Rental Price Report – 2019 Q1 | 2019 | The Daft.ie Rental Price Report – 2019 Q1
Differences across the provinceWhile rents in Meath have doubled since bottoming
out earlier in the decade, rents in Carlow and
Wexford have increased by 55%.
Just 500 homes availableThere were 499 properties available to rent in
Leinster (outside Dublin) on May 1, down 24% year-
on-year and the lowest ever total recorded for the
region since 2006.
Fall in room costsThe average cost of a rented room fell slightly in the
Commuter Counties in early 2019 but rose in the
Midland counties.
7% increase during 2018Rents in Leinster, outside Dublin, were 7.3% higher in the
first quarter of 2019 than a year previously, the lowest rate
of inflation in five years.
Double BedRENTAL AREAS
Dublin Commuter CountiesWest LeinsterSouth East Leinster
AVG. RENT
€ 412€ 364€ 345
YR/YR CHANGE AVG. RENT YR/YR CHANGE
Single Bed
Rent-a-Room Trends Q1 2019
-2.3%17.9%-0.8%
€ 488€ 438€ 399
-0.2%23.6%1.9%
LouthAverage rent: €1,206Qtr-on-qtr: 0.7%Year-on-year: 7.6%Change from trough: 97.5%
MeathAverage rent: €1,299Qtr-on-qtr: 0.6%Year-on-year: 7.4%Change from trough: 101.0%
KildareAverage rent: €1,314Qtr-on-qtr: 0.4%Year-on-year: 5.4%Change from trough: 87.1%
WicklowAverage rent: €1,383Qtr-on-qtr: 0.6%Year-on-year: 7.1%Change from trough: 79.1%
WexfordAverage rent: €837Qtr-on-qtr: 0.9%Year-on-year: 7.4%Change from trough: 54.5%
LongfordAverage rent: €693
Qtr-on-qtr: 1.2%Year-on-year: 10.4%
Change from trough: 71.9%
WestmeathAverage rent: €955
Qtr-on-qtr: 1.5%Year-on-year: 11.6%
Change from trough: 81.3%
OffalyAverage rent: €884
Qtr-on-qtr: 1.2%Year-on-year: 8.5%
Change from trough: 67.2%
LaoisAverage rent: €934
Qtr-on-qtr: 1.4%Year-on-year: 9.0%
Change from trough: 85.4%
KilkennyAverage rent: €939
Qtr-on-qtr: 0.8%Year-on-year: 6.7%
Change from trough: 64.4%
CarlowAverage rent: €917Qtr-on-qtr: 1.2%
Year-on-year: 8.3%Change from trough: 54.7%
MunsterInflation reaches new high
TipperaryAverage Price: €177,199Qtr-on-qtr change: -0.7%Year-on-year change: 11.1%Change from trough: 39.3%
Limerick CityAverage Price: €194,214Qtr-on-qtr change: 1.5%Year-on-year change: 9.8%Change from trough: 63.5%
Waterford CountyAverage Price: €217,977Qtr-on-qtr change: -1.4%Year-on-year change: 7.4%Change from trough: 51.6%
Waterford CityAverage Price: €174,879Qtr-on-qtr change: 0.9%Year-on-year change: 8.6%Change from trough: 66.9%
ClareAverage Price: €183,339
Qtr-on-qtr change: -1.8%Year-on-year change: 11.4%Change from trough: 53.3%
Limerick CountyAverage Price: €189,218
Qtr-on-qtr change: -0.7%Year-on-year change: 11.4%Change from trough: 43.8%
KerryAverage Price: €192,657
Qtr-on-qtr change: -1.7%Year-on-year change: 7.9%
Change from trough: 37.2%
Cork CountyAverage Price: €220,173
Qtr-on-qtr change: -2.0%Year-on-year change: 6.3%
Change from trough: 53.7%
Cork CityAverage Price: €275,703Qtr-on-qtr change: 0.8%
Year-on-year change: 5.8%Change from trough: 67.9%
Cork City Limerick City Waterford City Rest-of-Munster
€1,100
€1,000
€900
€800
€700
€600
€500
€400
Average rental prices by area, 2006-2019.
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€1,200
Q12018
Munster Trends Q1 2019€1,300
Q12019
The Daft.ie Rental Price Report – 2019 Q1 | 2221 | The Daft.ie Rental Price Report – 2019 Q1
Strong city growthIn Munster’s three cities, rents also continue to rise strongly,
with inflation varying from 10% in Cork to 14% in Limerick and
Waterford.
New low for stockThere were just 570 homes available to rent across
Munster on May 1, down 20% year-on-year and a new
low for availability in a series that starts in 2006.
Room costs rise againThe cost of renting a room in Munster was on average
almost 10% higher in early 2019 than a year earlier.
Rents up 12%Rents in Munster, outside the three cities, were 12%
higher in early 2019 than a year previously, the highest
rate of inflation on record.
Double BedRENTAL AREAS
Cork City Centre Cork City Suburbs Cork Commuter Towns Limerick City Centre Limerick City Suburbs Waterford City Centre
AVG. RENT
€ 491€ 423€ 412€ 371€ 358€ 364
YR/YR CHANGE AVG. RENT YR/YR CHANGE
Single Bed
Rent-a-Room Trends Q1 2019
9.1%11.6%13.2%6.9%10.8%13.0%
€ 581€ 519€ 473€ 459€ 406€ 362
10.5%10.7%7.3%10.6%6.6%3.1%
TipperaryAverage rent: €832Qtr-on-qtr: 3.9%Year-on-year: 10.8%Change from trough: 47.6%
Limerick CityAverage rent: €1,195Qtr-on-qtr: 2.0%Year-on-year: 14.4%Change from trough: 96.5%
Waterford CountyAverage rent: €928Qtr-on-qtr: 4.3%Year-on-year: 16.0%Change from trough: 63.1%
Waterford CityAverage rent: €986Qtr-on-qtr: 1.8%Year-on-year: 13.6%Change from trough: 75.7%
Cork CityAverage rent: €1,331
Qtr-on-qtr: 1.3%Year-on-year: 10.0%
Change from trough: 86.4%
ClareAverage rent: €832
Qtr-on-qtr: 3.8%Year-on-year: 9.8%
Change from trough: 57.9%
Limerick CountyAverage rent: €864
Qtr-on-qtr: 4.5%Year-on-year: 11.4%
Change from trough: 53.4%
KerryAverage rent: €848
Qtr-on-qtr: 4.1%Year-on-year: 11.8%
Change from trough: 54.8%
Cork CountyAverage rent: €1,006
Qtr-on-qtr: 4.5%Year-on-year: 12.7%
Change from trough: 72.6%
Connacht/UlsterInflation remains high
LeitrimAverage Price: €134,637Qtr-on-qtr change: 1.7%Year-on-year change: 12.0%Change from trough: 56.7%
MonaghanAverage Price: €169,305Qtr-on-qtr change: -1.9%Year-on-year change: 3.1%Change from trough: 48.3%
CavanAverage Price: €156,620Qtr-on-qtr change: -1.1%Year-on-year change: 9.1%Change from trough: 52.5%
RoscommonAverage Price: €138,908Qtr-on-qtr change: 0.3%Year-on-year change: 7.5%Change from trough: 51.6%
DonegalAverage Price: €143,515
Qtr-on-qtr change: -0.4%Year-on-year change: 4.4%
Change from trough: 26.3%
SligoAverage Price: €138,164
Qtr-on-qtr change: -0.5%Year-on-year change: 5.5%
Change from trough: 31.5%
MayoAverage Price: €154,284Qtr-on-qtr change: 0.8%
Year-on-year change: 10.4%Change from trough: 38.7%
Galway CityAverage Price: €290,528Qtr-on-qtr change: 0.8%
Year-on-year change: 6.3%Change from trough: 80.9%
Galway CountyAverage Price: €197,791Qtr-on-qtr change: -0.9%
Year-on-year change: 7.4%Change from trough: 56.3%
Average rental prices by area, 2006-2019.
Galway City Connacht Ulster
€900
€850
€800
€750
€700
€650
€600
€550
€500
Q12006
Q12007
Q12008
Q12009
Q12010
Q12011
Q12012
Q12013
Q12014
Q12015
Q12016
Q12018
€950
€1000
€1050
Q12017
€1100
Connacht/Ulster Trends Q1 2019€1150
€1200
€450
Q12019
The Daft.ie Rental Price Report – 2019 Q1 | 2423 | The Daft.ie Rental Price Report – 2019 Q1
City rents up 90%In Galway city, rents are now 91% higher than when
they bottomed out in early 2012.
Availability improves in early 2019There were just 420 homes available to rent in Connacht
and Ulster on May 1, down 12% year-on-year and an all-
time low for the region.
Rise in room costsThe cost of renting a room in Connacht and Ulster
continues to rise, with increases of 5-10% in much of
the region, year-on-year.
Gains in all counties Rents rose in all counties in Connacht-Ulster during the
first three months of 2019 - up 1.7% on 2018Q4 and up
12% year-on-year.
Double BedRENTAL AREAS
Galway City Centre Galway City Suburbs Rest of ConnachtUlster (ROI)
AVG. RENT
€ 453€ 396€ 380€ 293
YR/YR CHANGE AVG. RENT YR/YR CHANGE
Single Bed
Rent-a-Room Trends Q1 2019
16.8%6.7%28.9%9.1%
€ 502€ 465€ 429€ 358
7.3%5.0%33.3%15.3%
DonegalAverage rent: €645
Qtr-on-qtr: 1.8%Year-on-year: 8.5%
Change from trough: 32.8%
SligoAverage rent: €760
Qtr-on-qtr: 1.5%Year-on-year: 11.8%
Change from trough: 46.1%
MayoAverage rent: €731
Qtr-on-qtr: 1.7%Year-on-year: 11.8%
Change from trough: 41.2%
Galway CityAverage rent: €1,260
Qtr-on-qtr: 1.7%Year-on-year: 11.4%
Change from trough: 91.4%
Galway CountyAverage rent: €906
Qtr-on-qtr: 2.1%Year-on-year: 16.6%
Change from trough: 77.5%
LeitrimAverage rent: €590Qtr-on-qtr: 1.0%Year-on-year: 8.1%Change from trough: 43.1%
MonaghanAverage rent: €799Qtr-on-qtr: 1.4%Year-on-year: 11.2%Change from trough: 54.7%
CavanAverage rent: €740Qtr-on-qtr: 1.1%Year-on-year: 10.5%Change from trough: 57.0%
RoscommonAverage rent: €699Qtr-on-qtr: 1.7%Year-on-year: 11.7%Change from trough: 41.9%
Over the last number of years, Daft.ie has collected a vast amount of data on the Irish property market. Each year tens of thousands of properties for sale or rent are advertised on the site.
About the Report
The goal of the Daft Report is to use this
information to help all actors in the property
market make informed decisions about buying and
selling. In addition, because it is freely available, the
Daft Report can help inform the media, the general
public and policymakers about the latest
developments in the property market.
This is the Daft.ie Rental Price Report, the partner
to the Daft.ie House Price Report, which will be
issued in January. Together, they give house-
hunters and investors more information to help
them make their decisions. These twin reports
mean that Daft is the only objective monitor of
trends in both rental and sales markets on a
quarterly basis, making the report an essential
barometer for anyone with an interest in the Irish
property market.
The Daft Report was first launched in 2005. It has
already become the definitive barometer
of the Irish rental market and is being used by the
Central Bank, mortgage institutions, financial
analysts and the general public alike. The Daft.ie
House Price report is Ireland’s longest-running
house price report, combining information from the
Daft.ie archives with data from Ireland’s
Residential Property Price Register.
Methodology and Sample Size
The statistics are based on properties advertised
on Daft.ie for a given period. The regressions used
are hedonic price regressions, accounting for all
available and measurable attributes of properties,
with a Cooks Distance filter for outliers. The average
monthly sample size for lettings properties is over
10,000. Indices are based on standard methods,
holding the mix of characteristics constant, with the
annual average of 2012 used as the base.
About Daft.ie
Daft.ie is Ireland’s largest property website with
over 2.5 million unique users of the site generating
over 228 million page views each month.
Disclaimer
The Daft.ie Report is prepared from information
that we believe is collated with care, but we do
not make any statement as to its accuracy or
completeness. We reserve the right to vary our
methodology and to edit or discontinue the indices,
snapshots or analysis at any time for regulatory or
other reasons. Persons seeking to place reliance on
any information contained in this report for their
own or third party commercial purposes do so at
their own risk.
Credits
Economic Analysis: Ronan Lyons
Marketing and Communications:
Raychel O’Connell
Layout and Design: William Tector
25 | The Daft.ie Rental Price Report – 2019 Q1
Coming next:
The Daft.ie House Price Report2019 Q2The Daft.ie House Price Report will be published in early July and will include a review of the performance of Ireland’s sales market, plus all the usual indices, snapshots, trends and analysis, providing analysts, buyers, sellers and the public with the most up-to-date information on Ireland’s sales market.
All data is Copyright © Daft Media Limited. The information contained in this report may only be reproduced if the source is clearly credited.
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