Rents rose by more than 7% in the second quarter of the year – report

Rents rose by an average of more than 7 per cent in the second quarter of the year, compared to last year, according to the latest rental report by Daft.ie.

The report also shows that market rents rose by an average of 2 per cent in the second quarter of the year, compared to the first few months.

This marks the 14th consecutive quarter in which rents nationwide have increased and the 45th time in the last 48 quarters.

The average open-market rent nationwide in the second quarter of the year was 41,922 per month, up 7.3 per cent year-on-year and 41 per cent higher than before the outbreak of Covid-19.

Across the 54 markets covered in each https://t.co/F1oZ1MzHZs Rental Report, market rents were over 7% higher on average in the second quarter of 2024
than a year previously.

For more visit 👉 https://t.co/Au8xcKosZf pic.twitter.com/yavzjqBnav

— Daft.ie (@daftmedia) August 26, 2024

Inflation in market rents remains significantly lower in Dublin than elsewhere in the country.

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