It was a tale of two rental markets in 2020 with monthly rents in the capital down 3%, but outside of Dublin, rents were up 5%, the latest rental report from property website daft.ie shows.
The average rent per month nationally stood at €1,414 in the final quarter of the year, up 0.9% on the same time in 2019. It was the lowest rate of annual inflation since 2012, but the average national rent now stands at almost double the low point in late 2011 when the average rent was €742 nationally.
In Dublin, rents fell 3.3% during the year to reach an average of €1,984 per month with rent declines concentrated in the second and fourth quarters of the year.