9th November, 2020

The Daft Report on Rents for the third quarter of 2020 was issued today. It reflects the experience of our members, who advised that there has been a change in behaviour in the market, with tenants in certain industries working remotely and abandoning properties in Dublin city, resulting in increased availability in the city centre and increasing demand outside Dublin. Overall rents were up nationally year on year by 1.2%.

Average listed monthly rent and year-on-year change – major cities, 2020 Q3

• Dublin City: €2,028 – rent down 0.8%
• Cork City: €1,443 – rent up 5.2%
• Galway City: €1,363 – rent up 4.9%
• Limerick City: €1,260 – rent up 3.4%
• Waterford City: €1,058 – rent up 5.0%

Supply of property outside Dublin is down but there is increased supply in Dublin city with double the amount of properties available than in the same period last year. More information on the report can be found here

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