Market Rents In Kildare Have Increased By Over 11% On The Same Period Last Year - Daft

Monday, 15 May 2023 10:42

By Caoimhe Harney

The average listed rent in Kildare is up 135% from its lowest point.

In Kildare, market rents were on average 11.1% higher in the first quarter of 2023 than a year previously, according to the latest report by Daft.ie.

Market rents in Dublin's commuter counties rose 10.2% year-on-year, reflecting very low availability -105 homes were available to rent on May 1, up slightly on a year ago but one quarter the level seen in the late 2010s.

The average listed rent in Kildare is now €1739, up 135% from its lowest point.

Nationally, market rents in the first quarter of 2023 were an average of 1% higher than in the final three months of 2022, the smallest quarterly increase since 2020, according to Daft.ie

Compared to a year ago, however, market rents are 11.7% higher, reflecting large increases seen during 2022.

The average market rent nationwide between January and March was €1,750 per month, compared to €1,387 in the first quarter of 2020 and a low of just €765 per month seen in late 2011.

There were significant regional differences in how rents changed in the first quarter. In Dublin, rents rose by 0.5% quarter-on-quarter, the same rate seen in the rest of Leinster.

However, in the four other cities, rents fell in the first quarter, by 1.8% on average. In the case of Cork city, this is the first time in almost a decade (final quarter of 2013) that rents have not risen quarter-on-quarter.

In Munster, Connacht and Ulster – outside the cities – rents continued to rise strongly in the first quarter of the year, by 3.8% on average.