Irish Rents Surge Most on Record in Wake-Up Call on Housing
- Prices in some cities jumped 20% in 2022 from a year earlier
- Market ‘chronically starved’ of rental homes, economist says
An estate agent's board outside housing in central Dublin.
Photographer: Paulo Nunes dos Santos/BloombergThis article is for subscribers only.
Irish rental prices rose the most on record in 2022, with increases of 20% in some cities, raising alarm over the potential fallout for the broader economy.
In the final quarter, average rents were 13.7% higher than the same period in 2021, according to property website daft.ie. It was the strongest rate of inflation for a calendar year since reporting began in 2005.