Kilkenny rents on the rise according to latest report

A new report by Daft.ie which has examined the cost of renting a home in the second quarter of this year (March-June), has revealed the cost of renting a home in Kilkenny has risen by 11.8% from this time last year, averaging a price of €1,363.

Nationally, rent prices are in the region of €1,800, a rise of 2.4% compared to the first quarter of 2023.

Dublin bucked the national trend with rents only rising marginally at 0.3% in the second quarter of this year.

The capital's city centre remains the most expensive place to live in the county with accommodation averaging over €2,300, with North County Dublin the cheapest at an average price of €2,144.

Ronan Lyons, Associate Professor in Economics at Trinity College Dublin, believes the findings offer a mixed bag of results.

"The good news is that the close-to-stable rents being seen in Dublin at the moment are at least in part another exhibit in the long list of evidence that supply is the solution to a supply shortage and to high prevailing rents. The bad news, however, is that costs are prohibitively high for standard private rental accommodation to be built anywhere outside of Dublin for the foreseeable future. For that reason, policy has begun to intervene."