Pent-up demand fuelling rising rents in Dublin as prices across country increase despite Covid-19 pandemic – The Irish Sun

PENT-UP demand is fuelling rising rent prices in Dublin even though supply in the capital has almost doubled in the past year.

The latest Daft.ie Housing Market Report has found that rent prices across Ireland increased by 1.2 per cent despite the Covid-19 pandemic.

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Ronan Lyons is the author of the report

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Rents are rising around the countryCredit: Alamy

Rents in Dublin are largely unchanged having risen by just 0.2 per cent in the last 12 months to July, baffling experts.

Ronan Lyons, economist at Trinity College Dublin and author of the Daft Report, said the housing market appears to be avoiding major disruption.

‘VERY LITTLE FALL-OFF’

He said: “Both sale and rental segments show very little fall-off in housing prices since the start of the Covid-19 pandemic, despite the extraordinary economic contraction.

“Various policy supports, for both owner-occupiers and tenants, appear to have

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