House prices rise by over 4% in Kilkenny according to latest report

In Kilkenny, the average price of a three-bedroom house in the final quarter of 2025 was €1648, up 4.1% on a year ago.

Market rents nationally rose by 4.4% during 2025, according to the latest Rental Report by Daft.ie, compared to an increase of 3.6% during 2024.

Market rents have now risen in 13 of the last 14 years and are one third above their pre-Covid levels and 80% higher than ten years ago.  The average market rent for a two-bedroom apartment nationwide, between September and December, was €2,086 per month.

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There were fewer than 1,800 homes available to rent nationwide on February 1. This is down 22% compared to the same date one year ago and is by far the lowest level availability for this time of year in a series extending back to 2006. The fall in availability is particularly acute in Dublin, where the number of homes to rent is down annually by over one third.

Inflation remains very high in the four major cities outside Dublin. The report shows rents in the final quarter of 2025 11.4% higher in Galway city, 7.5% higher in Cork, up 6.9% higher in Waterford and up 5% in Limerick. While inflation accelerated in Dublin over the course of the year, it remains lower, at 3%. Outside the cities, the rate of inflation in open market rents is a little over 6% in both Leinster and Munster and 5.1% in Connacht-Ulster.

Ronan Lyons, Professor in Economics at Trinity College Dublin, said: 

“Widespread uncertainty about the new rent controls appears to have exacerbated ongoing supply shortages in the rental market. Across the country, there have been steep falls in rental availability over the last year. There were fewer homes available to rent on February 1st this year than at the same time of year at any stage back to 2006. 

“Unsurprisingly, with extremely tight availability, rents in the open market continue to rise, with a further 4.4% increase during 2025, up from 3.6% in 2024. The same is true for room rentals, which have also seen a sharp fall in availability in the last year. It remains to be seen whether supply is holding off until new tenancy terms come in on March 1st or whether the change in rent controls has led to a further reduction in the stock of rental homes, as landlords sell up.”