Rachel Slaymaker

A few thoughts: Q3 of each year usually sees big spike in new tenancy registrations – much less evident in 2023 – lack of turnover in market now quite evident

Key findings: nationally in Q2 2023 the standardised average rent for sitting tenants was €1332, €242 p/m lower than for new tenancies that began in the same period (€1574). New tenants pay more in all counties - biggest gaps (in %) found outside urban areas.

Significant variation at county level: 15 counties with y-o-y growth rate above 10% - mix of smaller/rural (e.g. Roscommon, Clare, Mayo, Longford) & more urban markets (e.g. Waterford, Galway, Limerick & Kilkenny)

Significant variation in yearly inflation rates across the country: 13 counties with y-o-y growth rate above 10% - generally those with smaller rental markets, but some larger ones too (e.g. Galway, Wexford, Kildare).

Significant variation in yearly inflation rates across the country though: 12 counties with y-o-y growth rate above 10% - generally those with smaller rental markets, but some exceptions (Limerick, Wexford). GDA counties (excl. Dublin) continue to see lowest growth in rents (3%)