The average cost of renting a home in the Republic has increased by €134 a month over the last year, with prices in Dublin climbing by substantially more, a new report on the housing market finds.
Figures published by property website Daft.ie show that rents have increased by 13.4 per cent in a year – the second-highest jump on record. It comes as supply across the State hit its lowest level in more than a decade.
The report puts the average monthly rent in the Republic at €1,131, with rents averaging €1,784 on the south side of Dublin city, €1,690 in the city centre and €1,553 north of the Liffey.
It also suggests that Minister for Housing Simon Coveney’s Rent Pressure Zones (RPZ) – which limit rent increases in designated sectors to 4 per cent per year – may actually be worsening the housing situation for tens of thousands of
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