Market rents rose by an average of 5.7% during 2024, according to the latest Rental Report by Daft.ie, down slightly from the 6.8% increase seen in 2023.
Market rents in Dublin's commuter counties rose 4.8% year-on-year, compared to a rise of 7.5% in 2023.
The on-going increase in rents reflects very tight availability, with just 280 homes available to rent on February 1st, down almost one third year-on-year and almost 40% below the late 2010s average.
In Wicklow, market rents were on average 4.9% higher in the final three months of 2024 than a year previously.
The average listed rent is now €2026, up 41% from the level prevailing when the covid19 pandemic occurred.
Nationally market rents rose by an average of 5.7% during 2024, according to the latest Rental Report by Daft.ie, down slightly from the 6.8% increase seen in 2023.
The average open-market rent nationwide in the final quarter of the 2024 was €1,956 per month, up marginally quarter-on-quarter and 43% higher than before the outbreak of Covid19.
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