Looking for a luxury rental? These three Dublin properties have slashed their rents
While the upward trend in rents in Dublin continues unabated, some luxury properties have slashed their rents
In its most recent report, Daft.ie concluded that rents in Dublin have increased year-on-year every quarter since late 2010, increasing on average 81pc since that low.
However, not every property listed online is going up and up.
Here are three luxury properties from Daft.ie. that have dropped their rates in recent weeks.
Two bedroom apartment in Cabinteely, Dublin 18
An unfurnished two-bedroom, two-bathroom apartment in the Watermint complex in the south Dublin suburb of Cabinteely was initially offered for rent in early February at €2,200 a month.
The master bedroom has an en-suite bathroom while the main bathroom features a Japanese bath.
The apartment also has a large balcony overlooking Cabinteely Park.
After being initially offered at €2,200 a month, the price has dropped to €1,900 a month in recent weeks.
According to Daft, the average rent for a two-bed house in Dublin 18 in the fourth quarter of 2017 was €1,661.
Three bedroom duplex apartment in Ballsbridge, Dublin 4
This newly refurbished, but unfurnished apartment in the heart of Dublin 4 first hit the market in early February at €3,200 a month.
The duplex comes with two double bedrooms and one single, while the recent upgrade has seen new wooden floors and a new kitchen fitted.
Both bathrooms have also been fully refitted before it went on the market.
The apartment also has a south facing terrace overlooking the complex's communal gardens.
The listing has had €300 taken off the rent since it was listed but remains on the market at €2,900 a month.
According to Daft, the average rent on a three-bed house in Dublin 4 is €2,437.
Four-bed house in Malahide, Co Dublin
This large, four-bedroom, five bathroom detached house in Malahide is fully furnished and was first listed on Daft in September last year at €5,000 a month.
The fully furnished house features an impressive entrance hall, electric entrance gates and a huge back garden/patio area.
The property owner has repeatedly dropped the rent since it was initially placed on the market.
By mid-December it was available for €4,200 a month and by early February it was available for €3,500.
The property is currently available for €3,200, almost 40pc less than the initial rental price.
According to Daft, the average rent on a four-bed house in north County Dublin is €1,694.