Apartments for rent

Apartments for rent Connection Dublin’s ‘new’ ‘highland’ apartments can cost more

Dublin’s ‘new’ ‘highland’ apartments can cost more

The cost of a Dublin apartment is more than twice the price of the equivalent one in the rest of Ireland.

A new study of the cost of living in the capital, by the consultancy Savills, found that the average price of a one-bedroom flat is €5,000, compared to €2,500 in other Irish cities.

The study found the average cost of an apartment in Dublin is more expensive than those in the city centre, which are in the same price bracket.

It said the average apartment in the Dublin city centre costs €4,000 and in the west, where the median income is €27,000 in the latest figures, it’s €5 and €6,000 respectively.

In Dublin’s east, the average is €2.2m, while in the north it’s almost €1.5m.

The cheapest Dublin apartment, by far, is in St John’s, on the south side of the city.

The average rent is €1,700 a month, while the average rent for a one bedroom in the two-bedroom apartment is €633.

It comes as rents have risen in recent years and the cost to rent an apartment has also risen.

The cost to live in Dublin rose by an average of 6.5pc from 2016-17 to 2019-20, according to Savills.

It is the highest level in the country, and the highest for a 10-year period.

It was the fastest rate of increase for the capital since 2005-06, according the report.

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