Market rents in Laois were on average 13.4% higher in the second quarter of 2024 than a year previously.
The average listed rent in the county is now €1,556, up 55% from the level prevailing when the Covid-19 pandemic occurred.
This is according to the most recent Daft.ie report that was released this morning.
Nationwide, market rents rose by an average of 2% in the second quarter of 2024.
This marks the fourteenth consecutive quarter in which rents nationwide have increased and the 45th time in the last 48 quarters.
The average open-market rent nationwide in the second quarter of the year was €1,922 per month, up 7.3% year-on-year and 41% higher than before the outbreak of Covid-19.
Inflation in market rents remains significantly lower in Dublin than elsewhere in the country.
In the capital, rents in the second quarter of the year were 3.5% higher than a year earlier, while elsewhere in the country, they were on average 10.6% higher.
Market rents rose particularly sharply in Limerick City (up 21% year-on-year) but the three other cities also saw double-digit increases, ranging from 13% in Galway to 10% in Waterford.
Outside the cities, the rate of increase was similar, on average, between 9.3% in Munster and 10.5% in Connacht-Ulster.
As has consistently been the case in recent years, availability on the rental market remains extremely tight.
On August 1, there were just over 2,200 homes available to rent across the country, effectively unchanged on the same date a year previously and half the 2015-2019 average of 4,400.
Average market rents, and year-on-year change, 2024 Q2
- Dublin: €2,427, up 3.5%
- Cork city: €2,005, up 11.9%
- Limerick city: €2,107, up 21.2%
- Galway city: €2,114, up 13.3%
- Waterford city: €1,616, up 9.9%
- Rest of the country: €1,573, up 9.9%
