New research from Daft.ie reveals an alarming surge in rental prices across Ireland’s regional cities, with average monthly rents now exceeding €2,000 in Cork, Galway, and Limerick. The report shows a significant nationwide increase of 7.2% in rental costs over the past year.
The data indicates a particularly concerning trend in the capital, where Dublin’s rental market is experiencing renewed inflation after a period of relative stability. This acceleration in Dublin’s rental prices is now matching the steep increases seen in other parts of the country.
These findings highlight the intensifying pressure on renters across Ireland, with regional cities now matching Dublin’s historically high rental costs. The surge represents a significant burden for tenants, especially those in urban areas where housing demand continues to outstrip supply.
The report suggests the rental crisis is no longer just a Dublin-centric issue, as regional cities face similar affordability challenges, marking a significant shift in Ireland’s rental landscape.