Rents rose nationwide by an average of 11.2% in the year to September 2017, according to the latest quarterly Rental Price Report by Daft.ie. The average monthly rent nationwide during the third quarter of 2017 was €1,198, the sixth quarter in a row a new alltime high has been set.
The rate of inflation represents a slight slowdown in inflation from the rate recorded in the second quarter of 2017 (11.8%); the largest on record was the 13.5% increase recorded in late 2016. In Dublin, the increase in rents in the year to September 2017 was 12.3% and rents in the capital are now almost 23% higher than their previous peak in 2008, or €330 a month.
The annual rate is unchanged from the second quarter and this is largely true of rents in the other major cities. In Cork, rents rose by 5.3% in the year to September, while in Galway, rents were 9.8% higher than a year previously. In Limerick city, rents rose by 10.9% during the past twelve…
