Prices in Dublin stabilising as average rent in Ireland rises to €1,800

The report suggests an “extraordinary” shortage of rental accommodation continues although this has improved slightly in recent months.

The average price of market rents in Ireland has risen over 10% in the last year and now stands at just under €1,800 as the “yawning gap” between “very strong demand and very weak supply” continues across much of the country.

Daft.ie’s latest quarterly rental report shows that while prices in Dublin appear to be stabilising, they are rising sharply outside the capital and also on the up in each of the other main cities of Cork, Limerick, Galway and Waterford.