Image: Mark Stedman/RollingNews.ie Image: Mark Stedman/RollingNews.ie
HOUSING EXPERTS HAVE said that rent control laws are not working after rents nationwide rose by almost 12% in the year to March.
The latest Daft quarterly rental report found that the average monthly rent for properties listed on its website was €1,261.
This marks a monthly increase of €232 compared to a previous peak a decade ago in 2008.
The latest report marks the eighth consecutive quarter in which annual inflation in rents has surpassed 10% as well as the eighth consecutive quarter that a new record has been set.
Rents are still by far at their highest in Dublin, with the average rents in the capital at €1,875 in March – a 12.4% raise year-on-year.
The consistent rises in rents, and dwindling supply of rental stock, has prompted experts to question whether current rent control laws
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