Rents in Dublin continue to rise amid high demand and an inadequate supply. Availability of smaller one- to two-bedroom apartments is particularly tight, and any given vacant apartment may have as many as twenty applicants.
The vacancy rate is around 1% for apartments and slightly higher for houses. New construction in the west suburbs and increasing interest in the north coast may alleviate some of the excess demand, but no significant construction is planned for the city center that will change the dynamics there. Expect rents to continue rising in the next year.
Data Points brings you the latest updates from our Housing, Goods & Services, and Tax departments based on our expert international surveys, which are conducted by our global data collection team on-location.
This quarter's cost-of-living surveys were conducted primarily in Europe, Asia, and mainland Southeast Asia.