Counter Culture / February 14, 2023

The latest report is out – and it’s as bad as you think

Counter Culture / February 14, 2023

The latest report is out – and it’s as bad as you think

Words: Eva O’Beirne

The newest rental price report has revealed that rents rose nationally by over 13 per cent from 2022 to 2023.

Over the weekend, shared the findings of their Irish rental report which covers the last quarter of 2022, which contained a number of worrying statistics.

The average monthly rent in Ireland now stands at 1,733 euro per month – in August of 2022 it was 1,618 euro.

There were almost 15,000 homes listed for rent in Dublin during 2022 – which is half the number that was listed in 2021.

Meanwhile, the cost of renting a room in Dublin is now roughly 13 per cent higher on average in
the final quarter of 2022 than in the year previous.

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Average rent in the city centre is now 2,263 euro per month, with the most expensive region to rent in Dublin being in the South of the county, costing an average of 2,564 euro per month.

The “Rent-A-Room Trends” section of the report contained similar worrying percentiles, with the average rent for a single room on the North side of Dublin increasing by 27 per cent between 2021 and 2022.

Market rents rose by 2.9 per cent on average in Dublin in the final quarter of 2022.

Compared to a year ago, market rents in Leinster are 13.1 per cent higher – the second-highest rate recorded in the last eight years.

“While not new, the fact that it is persistent and shows little signs of abating must serve as a wake-up call,” said economics professor Ronan Lyons on the findings of the report.

You can find the full report here.

Elsewhere on District: Dublin City Council to begin preservation works on Iveagh Markets