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06 Sept 2025
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06 Sept 2025
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As a whole, there were only 275 homes available to rent in Munster as of May 1
In the first quarter of the year, rent in County Clare has risen by 10.4% with the average price of a rental now being €1,503 a month, the Daft.ie Rental Price Report has revealed.
As a whole, there were only 275 homes available to rent in Munster as of May 1. This is down 14% compared to the same date a year previous and down nearly three quarters from the 2015-2019 average.
With the average rent in Clare now surpassing €1,500, this is a 3.7% quarter-on-quarter change and an astonishing 70% increase compared to pre-covid times.
Market rents in Munster also rose by 4.7% on average in the first quarter of 2025, the largest quarterly increase in the
province on record and compared to a year ago, rents in the first quarter were 12.6% higher in Munster - in line with the rate of inflation 18 months ago.
READ MORE: As many as 25 villages in Clare do not have a sewerage system, new figures reveals
Along with these findings, it was also announced by the property website that the average monthly rent nationwide now sits at €2,023- this is the highest it has ever been.
Author of the report, Ronan Lyons, a Professor in Economics at Trinity College Dublin, said, "It is imperative that the new government avoid the trap fallen into by the last one in thinking that the only determinant of new homes built is the budget given to housing. The government is not just the funder, it is also the referee.
"A long-overdue reform of the Rent Pressure Zones is apparently imminent. Aligning the system here with standard practice in other places with rent controls ‐ in particular by allowing for rents to reset when tenants leave but also by reviewing the limit on increases allowed ‐ will benefit tenants in the long-run, as a new pipeline of supply will emerge.
"The longer it takes to get to that new system, however, the longer we will have to read about chronic shortages of rental homes and sharp increases in market rents," he concluded.
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