Rate of monthly rent rises slowed in Q2 - report
A new report from Daft indicates that the rate of monthly rent increases in Ireland slowed to 1.4% in the second quarter of the year. While rental inflation remains high in major cities, availability of properties has improved outside of Dublin.
Why it matters
This data provides critical insight into the effectiveness of current rent-control systems and the ongoing housing supply crisis in Ireland.
Agriculture & Consumer Affairs Correspondent
The level of increase in monthly rents slowed in the second quarter of the year, according to a new report from property website Daft.
Its Q2 rental report indicates that market rents rose by 1.4% between March and June, which Daft said was "a significant slowdown from the record 4.4% increase in the first quarter and slightly below the average quarterly increase seen over the last decade".
It also said rental inflation "remains high in the four major cities outside Dublin".
The report shows that market rents in the second quarter were 13% higher year-on-year in Galway city, 12% higher in Cork and up 11% in Limerick.
However, it notes that the rate in Waterford city at 5.5% was "comparable to that seen in Dublin, where market rents in June were 6.5% higher than a year before".
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in