Daft.ie released their quarterly rent report for Q3 2018 with some surprising findings.
The report shows that rents rose nationwide by an average of 11.3% in the year to September 2018.
This represents the tenth consecutive quarter in which a new all-time high for rents has been set and also in which annual inflation in rents has been greater than 10%.
Waterford City, when compared to the other cities mentioned in the report, has a lower average rent, adding to the list of benefits of living here.
Average rents, and year-on-year change, Q3 2018
- Dublin: €1,968, up 10.9%
- Cork: €1,301, up 13.7%
- Galway: €1,226, up 16.1%
- Limerick: €1,151, up 20.3%
- Waterford: €955, up 19.7%
The national average rent is €1,334 and the average rent in Waterford City is €955. Dublin’s average rent is a whopping €1,968, Cork’s is €1,301, Limerick’s is €1,151.
Waterford’s year on year increase is higher as it is coming from a much lower base than the other cities, but still it remains the best value.
The Daft report has lots more information here.
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