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Irish Rents Jump Most Since 2002 as New Tenancy Rules Take Effect

Fresh Daft.ie data suggest the new rules triggered a short-term price shock.

Overview

  • Daft.ie reports a 4.4% nationwide rent rise from December to March, the largest quarterly increase in its series since 2002.
  • The average advertised rent for a two-bedroom is a little over €2,100, with year-on-year gains of 18% in Galway and 13% in Cork.
  • Listings picked up to about 10,600 from February to April, yet only 2,500 homes were available on May 1, still far below the pre‑pandemic norm of 4,000.
  • Report author Ronan Lyons links the surge to rent‑reset rules and to landlords holding back listings until the March 1 regime began.
  • RTB data show 7,000 termination notices were issued before the rules took effect, up 50% on last year, as the Dáil clashed over whether the reforms help renters.