New Tenancy Rents Rise 9.1% in Ireland
Rent for new tenancies in Ireland rose 9.1% over the past year, while the ESRI says housing prices are 17% above what's justified.
Automated research and writing with AI support · no human review before publishing. Translated from the original Portuguese edition.
Good morning! Here's what you need to know today about Ireland's economy.
🇮🇪 Ireland
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New tenancy rents up 9.1% year-on-year, eviction notices down 43% — The average rent for new tenancies rose 9.1% compared to the previous year, according to data cited by Offaly TD Tony McCormack (Fianna Fáil). He pointed to the 43% drop in eviction notices (Notices of Termination) as a positive sign for tenants, but stressed that "rents are still too high." Independent.ie, September 4
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Irish homes are 17% more expensive than justified, ESRI finds — A study by the Economic and Social Research Institute (ESRI) concluded that residential property prices in the country are about 17% above the level consistent with current income, interest rates, and demographics — well below the 40% overvaluation recorded before the 2008 crisis, but already classified as an affordability problem rather than one of easy credit. According to ESRI economist Paul Egan, middle-income families are feeling the brunt of it most. Irish Mirror, September 4
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Dovida plans to create 30 caregiver jobs in Wexford — Home care network Dovida announced plans to create 30 new caregiver positions in County Wexford, as demand for home care continues to grow across the country. Independent.ie, September 4
💡 What this means for you
- If you rent a home in Ireland, the 9.1% rise in new tenancy rents is a good reason to negotiate your renewal carefully — the upside is that the 43% drop in eviction notices somewhat lowers the risk of losing your lease out of the blue.
- The ESRI's finding of 17% overvaluation in property prices confirms that buying a home is still out of reach for someone on an average salary — for most immigrants, long-term renting remains the more realistic option for now.
- If you have home care experience and are based in the Wexford area, it's worth keeping an eye on Dovida's openings — but check directly with the company about visa sponsorship, since the news item doesn't mention it.
Sources for this edition: Independent.ie, Irish Mirror
Research and writing 100% automated with AI support — no human review before publishing.
This is a daily newsletter about Ireland written in Portuguese for Brazilian immigrants — read the original edition.