Rents are stabilizing in Dublin following a long period of inflation. Vacancy rates are still very low, and it can be difficult to find a one- to two-bedroom apartment in the city. There are a number of new developments, but progress is slow. Some companies buy blocks of buildings to renovate for employees, which decreases overall rental stock.
Residential rents continued to rise in Dublin and throughout the country even as sales prices stagnated. With hundreds of international pharma, medical device, and tech companies employing thousands of local transferees and expat assignees in Dublin, the city has long suffered a rental crisis with an undersupply of rental stock and huge demand from professional national and expatriate workers.
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