Market rents in Carlow were 10.9% higher in Q1 2025 than the year previous
The average listed rent is now €1,649, up 66% from the level prevailing when the pandemic started
In Carlow, market rents were on average 10.9% higher in the first quarter of 2025 than a year previously. The average listed rent is now €1649, up 66% from the level prevailing when the covid19 pandemic occurred.
Market rents rose by an average of 3.4% in the first three months of 2025, according to the latest Rental Report by Daft.ie, one of the largest three-month increases in the last two decades. The average open-market rent nationwide in the first quarter of 2025 was €2,053 per month, up from a low of just €765 in 2011 and 48% higher than before the outbreak of covid19.
After a period of subdued pressure on rents in Dublin, due to a large volume of new rental housing coming on to the market, inflation in the capital is converging with rates elsewhere. In the year to March, market rents rose by 5.8% in Dublin and by 8.6% elsewhere, the smallest gap in inflation rates in two years.
Pressure on rental markets in Ireland’s other cities remains acute. In Waterford, market rents in March were up 9.9% year-on-year, while in Cork and Galway cities, they were up 13.6% and 12.6% respectively. But once again, Limerick has seen the largest increases, with rents up over 20% year-on-year. Outside the major cities, rents in Leinster and Connacht-Ulster were up just over 5% year-on-year, while rents in Munster were 11.5% higher.