The Daft.ie Rental Report
q4-daft-rental-report-2015
q4-daft-rental-report-2015
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Munster<br />
Urban-rural gap in rent inflation<br />
persists in Munster.<br />
Clare<br />
Average Average rent: rent: €591 €602<br />
Qtr-on-qtr Qtr-on-qtr: change: 2.7% 1.8%<br />
Year-on-year Year-on-year: change: 7.1% 8.8%<br />
Change<br />
Change<br />
from<br />
from<br />
trough:<br />
trough:<br />
12.2%<br />
14.3%<br />
Limerick Limerick County County<br />
Average rent: €638<br />
Average rent: €631<br />
Qtr-on-qtr: 1.0%<br />
Qtr-on-qtr change: 1.9%<br />
Year-on-year: 7.4%<br />
Year-on-year change: 6.7%<br />
Change from trough: 13.2%<br />
Change from trough: 12.0%<br />
Kerry<br />
Average rent: €624<br />
Average rent: €623<br />
Qtr-on-qtr: 0.3%<br />
Qtr-on-qtr change: 0.9%<br />
Year-on-year: 4.7%<br />
Year-on-year change: 4.8%<br />
Change from trough: 14.0%<br />
Change from trough: 13.7%<br />
Cork County<br />
Average rent: €705<br />
Average rent: €691<br />
Qtr-on-qtr: 2.0%<br />
Qtr-on-qtr change: 2.7%<br />
Year-on-year: 11.2%<br />
Year-on-year change: 10.2%<br />
Change from trough: 20.9%<br />
Change from trough: 18.6%<br />
Cork City<br />
Average rent: €978<br />
Average rent: €950<br />
Qtr-on-qtr: 2.9%<br />
Qtr-on-qtr change: 6.9%<br />
Year-on-year: 15.4%<br />
Year-on-year change: 13.5%<br />
Change from trough: 37.0%<br />
Change from trough: 33.1%<br />
Tipperary<br />
Average rent: rent: €632 €629<br />
Qtr-on-qtr: 0.5% change: 1.7%<br />
Year-on-year: 6.1% change: 6.0%<br />
Change from from trough: trough: 12.0% 11.5%<br />
Limerick City<br />
Average<br />
Average<br />
rent:<br />
rent:<br />
€778<br />
€761<br />
Qtr-on-qtr:<br />
Qtr-on-qtr<br />
2.2%<br />
change: 6.1%<br />
Year-on-year: 12.4%<br />
Year-on-year change: 11.4%<br />
Change from trough: 27.8%<br />
Change from trough: 25.1%<br />
Waterford County<br />
Average rent: €638<br />
Average rent: €633<br />
Qtr-on-qtr: 0.7%<br />
Qtr-on-qtr change: 1.5%<br />
Year-on-year: 7.0%<br />
Year-on-year change: 7.1%<br />
Change from trough: 12.0%<br />
Change from trough: 11.2%<br />
Waterford City<br />
Average rent: €673<br />
Average rent: €661<br />
Qtr-on-qtr: 1.8%<br />
Qtr-on-qtr change: 5.2%<br />
Year-on-year: 10.3%<br />
Year-on-year change: 9.6%<br />
Change from trough: 19.9%<br />
Change from trough: 17.8%<br />
Strong inflation continues in the cit<strong>ie</strong>s<br />
More moderate inflation in rural count<strong>ie</strong>s<br />
770 homes to rent<br />
Strong rise in room costs<br />
All three Munster cit<strong>ie</strong>s saw double-digit increases in<br />
rents in 2015, although this is a newer trend in Limerick<br />
and Waterford than in Cork.<br />
Annual inflation in rents in Kerry was less than<br />
5% in 2015, 7% or below in much of the province<br />
outside the cit<strong>ie</strong>s.<br />
<strong>The</strong>re were just 771 homes were available to rent in<br />
Munster on February 1st, by far the lowest figure for<br />
that time of year since 2006.<br />
<strong>The</strong> monthly cost of renting a room in Munster rose<br />
strongly in 2015, particularly in Cork, with increases<br />
of18% in some segments.<br />
Rent-a-Room Trends Q4 2015<br />
Single Bed<br />
Double Bed<br />
RENTAL AREAS<br />
AVG. RENT YR/YR CHANGE AVG. RENT YR/YR CHANGE<br />
Munster trends Q4 2015<br />
€1,100<br />
€1,000<br />
€900<br />
€800<br />
Cork City Centre<br />
Cork City Suburbs<br />
Cork Commuter Towns<br />
Limerick City Centre<br />
Limerick City Suburbs<br />
Waterford City Centre<br />
Rest of Munster<br />
€ 362<br />
€ 338<br />
€ 338<br />
€ 277<br />
€ 265<br />
€ 261<br />
€ 247<br />
11.7%<br />
14.2%<br />
17.8%<br />
17.9%<br />
6.4%<br />
4.0%<br />
9.6%<br />
€ 444<br />
€ 396<br />
€ 400<br />
€ 325<br />
€ 297<br />
€ 305<br />
€ 279<br />
18.4%<br />
9.7%<br />
13.0%<br />
13.6%<br />
6.5%<br />
10.1%<br />
5.6%<br />
€700<br />
€600<br />
€500<br />
€400<br />
Q1<br />
2006<br />
Q1<br />
2007<br />
Q1<br />
2008<br />
Q1<br />
2009<br />
Q1<br />
2010<br />
Cork City Limerick City Waterford City Rest-of-Munster<br />
Q1<br />
2011<br />
Q1<br />
2012<br />
Q1<br />
2013<br />
Q1<br />
2014<br />
Q1<br />
2015<br />
Q4<br />
2015<br />
Average house price by area, 2006-2015.<br />
21 | <strong>The</strong> <strong>Daft</strong>.<strong>ie</strong> <strong>Rental</strong> <strong>Report</strong> – 2015 in Rev<strong>ie</strong>w<br />
<strong>The</strong> <strong>Daft</strong>.<strong>ie</strong> <strong>Rental</strong> <strong>Report</strong> – 2015 in Rev<strong>ie</strong>w | 22
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