Average price of a three-bedroom house in Mayo rose 8.5 percent in 2025

As Daft.ie celebrates 20 years of leading market analysis, the Daft.ie Report has been revamped and extended, to put more information at the fingertips of all those interested in the housing market. 

Nationally, market rents nationally rose by 4.4 percent and it also was confirmed that market rents have now risen in 13 of the last 14 years and now one third are above their pre-covid levels and 80 percent higher than ten years ago. The average market rent for a two-bedroom apartment nationwide, between September and December, was €2,086 per month.

In Mayo, the average price of a three-bedroom house in the final quarter of 2025 was €1459, up 8.5 percent on a year ago.

There were fewer than 1,800 homes available to rent nationwide on February 1. This is down 22 percent compared to the same date one year ago and is by far the lowest level availability for this time of year in a series extending back to 2006. 

Commenting on the new-look report, its author Ronan Lyons, Professor in Economics at Trinity College Dublin, said: 

“Widespread uncertainty about the new rent controls appears to have exacerbated ongoing supply shortages in the rental market. Across the country, there have been steep falls in rental availability over the last year. There were fewer homes available to rent on February 1 this year than at the same time of year at any stage back to 2006. 

“Unsurprisingly, with extremely tight availability, rents in the open market continue to rise, with a further 4.4 percent increase during 2025, up from 3.6 percent in 2024. The same is true for room rentals, which have also seen a sharp fall in availability in the last year. It remains to be seen whether supply is holding off until new tenancy terms come in on March 1 or whether the change in rent controls has led to a further reduction in the stock of rental homes, as landlords sell up.”

The full report is available from HERE and includes commentary by Ronan Lyons, Professor of Economics at Trinity College Dublin and author of the Daft.ie Report, as well as figures on rents paid by sitting tenants, and analysis of affordability and residential yields around the country.

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