Market Rents Increased By 12.3% In Kildare

Sunday, 12 February 2023 11:46

By Ross Lindsay

The increase is driven by the shortages in the availability of rental accommodation.

Kildare's market rents in the final quarter of 2022 were an average of 12.3% higher than the same period a year earlier.

The average market rent nationwide between October and December was €1,733 per month, up 2.7% compared to the third quarter of the year and 126% above the low of €765 seen in late 2011.

The increase in market rents around the country is driven by the shortages in the availability of rental accommodation.

Nationwide, there were just 1,096 homes available to rent on February 1st, down over 20% on the same date a year ago and roughly one quarter the average level of availability during 2015-2019.

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