Q1 2026 Market Report

Ireland Property Market Report

Dublin 2-bed apartment rents averaged €2,651/month in Q1 2026, up 4.9% year-on-year, with Dublin rents rising 4.3% in a single quarter. Full Dublin breakdown by area and property type, plus national medians, top-yield counties, supply pipeline and policy changes.

↓ Jump to Dublin rent by area & property type

Q1 2026 at a glance

Key national indicators as of Q1 2026, based on PPR transaction data, RTB rental index and CSO housing completions.

€320k
Nationwide median asking price
Daft 2026Q1
10.3%
Highest gross yield
2-bed gross, before costs
€1,660
Avg 2-bed rent, national
per month
—
Total PPR transactions
2022–present (median window)

Top 5 highest yield counties

Gross rental yield based on Daft 2-bed asking rent ÷ Daft asking price. Updated automatically from latest data.

Rank County Gross Yield 2-Bed Rent (Daft) Asking Price
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⚠️ High yield in rural counties reflects low purchase prices. Factor in liquidity risk and vacancy rates before investing.

Dublin average rent by area and property type

Average listed market rents in Dublin, March 2026, with year-on-year change. Dublin rents rose 4.3% in the first quarter of 2026 — matching the previous record three-month increase. Source: Daft.ie Rental Report Q1 2026 (Prof. Ronan Lyons, Trinity College Dublin).

Property type Dublin City Centre North Dublin City South Dublin City North Dublin County South Dublin County West Dublin
Apartment 1-bed€1,966 +6.3%€1,962 +10.3%€2,065 +7.7%€1,974 +14.2%€2,116 +7.1%€1,862 +12.2%
Apartment 2-bed€2,651 +4.9%€2,444 +7.0%€2,850 +9.6%€2,407 +10.2%€2,605 +6.0%€2,332 +9.0%
Apartment 3-bed€3,551 +8.6%€3,157 +16.6%€3,674 +5.6%€2,853 +6.5%€3,429 +5.3%€2,755 +7.3%
House 2-bed€2,574 +5.0%€2,489 +8.1%€2,784 +6.5%€2,291 +6.7%€2,781 +10.3%€2,310 +7.8%
House 3-bed€3,207 +4.2%€3,180 +14.1%€3,403 +1.8%€2,809 +9.4%€3,432 +5.3%€2,844 +12.6%
House 4-bed€4,121 +12.6%€3,821 +10.3%€4,331 +5.0%€3,441 +6.5%€4,094 +2.4%€3,452 +9.6%
House 5-bed—€4,336 +12.5%€5,327 +1.5%€3,791 +1.7%€5,197 +13.2%€3,749 −2.8%
Studio€1,546 +7.6%€1,412 +3.8%€1,553 +5.5%€1,332 +4.4%€1,530 −5.2%€1,359 +0.5%
ℹ️ Looking for Dublin 2, Dublin 7 or another postcode? From 2026 the Daft.ie Rental Report groups Dublin into the six areas above rather than individual postcodes (Dublin 1–24). Postcode-level rents on propdata.ie run to Q2 2025 and are on the Dublin postcode page. Dublin City Centre covers Dublin 1, 2, 7 and 8.

Gross rental yields in Dublin — Q1 2026

Gross market yield = annual listed market rent ÷ listed asking price, same quarter. Change shown in percentage points year-on-year.

Property type Dublin City Centre North Dublin City South Dublin City North Dublin County South Dublin County West Dublin
Apartment 1-bed7.9%8.2%6.7%7.4%6.7%8.1%
Apartment 2-bed8.0%8.6%6.6%8.4%6.5%8.5%
Apartment 3-bed8.7%8.8%6.3%7.9%6.6%8.2%
House 2-bed6.7%6.9%7.0%6.9%6.0%7.6%
House 3-bed—7.5%6.6%6.4%5.3%7.7%
House 4-bed—6.6%5.1%5.6%4.8%7.2%

These are listed asking rents, not registered rents. Rents actually paid under existing tenancies are lower — see the RTB registered-rent index on the County Data page, and the full Dublin postcode breakdown on the Dublin Postcode page.

Asking price & availability — Q1 2026

Key metrics from the Daft.ie Sales Report Q1 2026: national asking prices, regional availability (second-hand homes for sale on March 1st) and market heat (gap between listed and final transaction price).

€435k
National 3-bed semi-d asking
+3.7% YoY
€457k
National 3-bed semi-d transaction
+5.6% YoY
10,143
Homes for sale nationwide
+6% YoY · Mar 1st
5.8%
Market heat (national)
List → transaction gap

Second-hand homes for sale by region (March 1st 2026)

Region Available YoY Change Market Heat List Price YoY
Dublin 3,071 +14% 6.9% +2.5%
Other Cities (Cork, Galway, Limerick, Waterford) 795 +6% — +0.7%
Leinster (excl. Dublin) 2,383 +11% 4.3% +5.1%
Munster (excl. cities) 1,905 −5% 7.2% +6.2%
Connacht-Ulster (excl. Galway city) 1,989 +2% 3.9% +8.2%
Market heat = typical gap between initial listed price and final transaction price. Higher % = more competitive market. Dublin's heat has fallen from 8.7% (2025) to 6.9% — a sign of improving availability. Munster (7.2%) remains the tightest market outside Dublin.

Planning & supply pipeline

Housing output remains the defining constraint on the Irish property market heading into 2026.

New dwelling completions in 2025 totalled approximately 37,000 nationwide, still well below the Government's target of 50,000 per year needed to address the housing shortage.

37,000
2025 completions (est.)
50,000
Government annual target
−26%
Shortfall vs target
Dublin accounted for approximately 32% of all completions. Cork, Kildare and Meath were the next highest. Rural counties continue to see completions well below historic norms.

Key policy changes (2025–2026)

Regulatory changes with direct impact on property investment decisions.

Nov 2024
Bulk purchase stamp duty raised to 15%. Properties acquired in lots of 10+ units (excluding apartments) subject to the higher rate. Aimed at curbing institutional landlord accumulation.
Jan 2025
Mortgage interest relief restored to 100% for qualifying landlords. Applies to residential rental properties — a significant reversal of prior policy. Reduces effective tax burden on leveraged buy-to-let investors.
Jun 2025
Entire Ireland designated as a Rent Pressure Zone (RPZ). All landlords now subject to RPZ rent increase caps regardless of location, closing the previous rural exemption gap.
Mar 2026
New RPZ cap takes effect: annual rent increases limited to the lower of CPI or 2%. Replaces the previous 2% flat cap. Effective cap now tied to inflation movements.

About this report

This report reflects data as of Q1 2026. The next quarterly update will be published when Q2 2026 data becomes available from RTB and Daft.

Full methodology, data sources and calculation formulas are documented at /methodology.html.

Data sources: PSRA Property Price Register · RTB/ESRI Rent Index · CSO Housing Completions · Daft.ie Sales Report Q1 2026 · Daft.ie Rental Report Q1 2026.

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