Pressures in the rental sector are likely to continue to grow for the next six to nine months, suggesting that rents will increase and properties will become harder to find for renters, researchers from the Economic and Social Research Institute (ESRI) told an Oireachtas committee on Wednesday night.
They also suggested that the cost of fuel and heating will continue to rise for the coming months during an engagement with the Oireachtas committee on budgetary oversight on the topic of inflation.
“House price inflation in August of this year is just under 11 per cent per annum. It should also be said that rental inflation is experiencing increases. With more and more people expected to return to urban areas as workplaces re-open, it is likely that rental pressures will continue to grow over the next 6 to 9 months,” ERSI researchers Karina Dooley, Niall Farrell and Kieran McQuinn told
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