During the second quarter of 2024, Dublin City Center stood out for having the highest average price for renting a room in Ireland. The average rent for a room in Dublin city center was *** for a room with a single bed and *** for a room with a double bed. In contrast, Ulster and Connacht were the most affordable regions, with an average rent in the range of *** euros for a single bedroom and *** euros for a double bedroom. The Irish rental market has grown dramatically in the past decade, with rental costs increasing more than double since 2012.

In the second quarter of 2024, Dublin 2 stood out as the postal sector with the highest average residential rent for a one-bedroom apartment in Dublin. The average rent in Dublin 2 was ***** euros a month. Dublin 4 took the second spot with a rent of ***** euros per month. Other areas in Dublin in the top five were Dublin 1, Dublin 6, and South Co Dublin, boasting average rents ranging from ***** to ***** euros. In contrast, West Dublin emerged as the most budget-friendly area, with an average monthly rent of ***** euros. Additionally, Dublin 24, Dublin 22, North Co Dublin, and Dublin 15 joined the ranks of the top five most affordable areas in Dublin, with average rents ranging from ***** to ***** euros. Dublin is the most expensive rental market, followed by Wicklow and Kildare.

During the second quarter of 2024, Dublin * stood out as the most expensive place for buying an apartment in Dublin. The average asking price for a one-bedroom apartment in Dublin * was over ******* euros. Furthermore, Dublin *, Dublin *, Dublin *, and County South Dublin, were some of the other areas in Dublin with costly apartments, with an asking price exceeding ******* euros. On the other hand, Dublin ** had the lowest one-bedroom apartment asking price, at ******* euros. Additionally, Dublin **, Dublin ** and Dublin ** were some areas with low house prices, with an average asking price below ******* euros. Across the country, the most affordable counties to buy a residential property were Leitrim, Longford, and Roscommon.

Amsterdam is set to maintain its position as Europe's most expensive city for apartment rentals in 2025, with median costs reaching 2,500 euros per month for a furnished unit. This figure is double the rent in Prague and significantly higher than other major European capitals like Paris, Berlin, and Madrid. The stark difference in rental costs across European cities reflects broader economic trends, housing policies, and the complex interplay between supply and demand in urban centers. Factors driving rental costs across Europe The disparity in rental prices across European cities can be attributed to various factors. In countries like Switzerland, Germany, and Austria, a higher proportion of the population lives in rental housing. This trend contributes to increased demand and potentially higher living costs in these nations. Conversely, many Eastern and Southern European countries have homeownership rates exceeding 90 percent, which may help keep rental prices lower in those regions. Housing affordability and market dynamics The relationship between housing prices and rental rates varies significantly across Europe. As of 2024, countries like Turkey, Iceland, Portugal, and Hungary had the highest house price to rent ratio indices. This indicates a widening gap between property values and rental costs since 2015. The affordability of homeownership versus renting differs greatly among European nations, with some countries experiencing rapid increases in property values that outpace rental growth. These market dynamics influence rental costs and contribute to the diverse rental landscape observed across European cities.