The worst of both worlds? Resetting rents in a market with no slack
Ireland’s rental market enters 2026 with almost no slack. At the start of February, fewer than 1,800 homes were available to rent nationwide. That’s the lowest level recorded for this time since the series started, two decades ago. Availability has fallen to barely two-fifths of its pre-Covid levels in the late 2010s. That tightness in the market is showing up, unsurprisingly, in the price of somewhere to live. Rents are now roughly one-third higher than before the pandemic. Even Dublin, which had enjoyed a brief period of relative relief thanks to over 20,000 new rental apartments coming on stream in…
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