Average residential rents rise further in Q3 2022

Average residential rents in Dublin reached a new peak of over €1,880 per month in Q3 2022 (latest data available). Growth of 1.3% QoQ (+€24) and 1.1% YoY (+€21) was recorded in the quarter as limited housing availability placed further upward pressure on rents. Across the Greater Dublin Area (GDA), which represents the Capital's broad commuting belt, rents declined QoQ (-0.4%) but rose YoY (+3%) to stand at an average of €1,362 per month. Upward rent movements were also recorded outside the GDA with 1% QoQ growth driving rents to a new peak of €923 per month. Such rent pressures align with a Daft.ie report of a one-quarter YoY decline in available rental properties nationwide in Q3 2022.