Renters leaving Dublin are facing supply issues and rising rents in other urban centres such as Cork and Galway, the housing charity Threshold has said.
The charity was commenting on the latest quarterly rental report by Daft.ie, which found that over the past year rents in Dublin saw the largest decrease since 2010 (3.3%), but increased in Cork (4.8%), Galway (4.6%), Limerick (3.9%), and Waterford (5.6%) cities.
Threshold chief executive John-Mark McCafferty said the trends suggest that working renters are leaving the capital as companies continue to facilitate remote working during the pandemic, but also point to limited supplies and rising rents outside of Dublin.
If we are about to see an exodus of working renters from Dublin, the supply needs to be there to meet them and the rents need to be affordable.”
The Daft.ie report highlighted supply issues across Munster, where just 462 homes were available to
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