Residential rents rise 9% nationally in 2015
Residential rents increased by 9% over the course of last year, this compares to an increase of 10.7% reported in 2014, according to the latest quarterly report from property www.daft.ie.
The average monthly rent being paid between October and December of 2015 was €979, compared to €898 over the same period a year previously.
At the end of last year the average rent was close to €1,000, with values up 9% nationally.
Rent increases were higher in regional cities, with Cork seeing them jump by more than 15%.
Year-on-year change in rents – major cities, Q4 2015
| Dublin | €1,435 | up 8.2% |
| Cork | €978 | up 15.4% |
| Galway | €887 | up 13.3% |
| Limerick | €778 | up 12.4% |
| Waterford | €673 | up 10.3% |
