Daft.ie have released their 2014 Q2 Rental Report.
Highlights are that rents have risen nationally by 10.8% and that there is 40% fewer property listings for this year compared to last.
Rents nationally were 10.8% higher on average in the second
quarter of 2014 than a year previously. The average rent
nationwide between April and June was €915, compared to
€825 a year previously.
Although the 40% figure sounds large it may be simply that landlords are advertising elsewhere. If these are the cheaper options then this could also explain part of the average rise in rents.
Donegal is the only county to post a decline in average rents which dropped by 0.2% to €501.
Although only Daft.ie is only part of the property letting market and all prices are asking pricecs only it is still a good bellweather for the Irish property market as a whole. According to Daft rents had fallen from Q2 2007 to Q1 2010. From Q1 2010 to Q3 2012 rents were relatively static. Since then average rents have risen but have still not reached the peak levels of 2007.
The original daft report is available to download here.