Housing

Rents stabilising in Dublin but rising elsewhere

A new report from Daft.ie reports average rent rises of 6.8 per cent last year

The average open-market rent nationwide in the final quarter of 2023 was €1,850 per month. Picture: Victoria Jones/PA

Market rents rose by an average of 6.8 per cent during 2023, according to research.

The average increase is down from 13.7 per cent in 2022 and 10.3 per cent in 2021, according to the latest rent report from property website Daft.ie

The average open-market rent nationwide in the final quarter was €1,850 per month, compared with €1,365 per month seen at the outbreak of Covid-19 in early 2020.

The decline in rental inflation is ...