Rents are rising as the availability of homes continues to fall.
There were just 1,460 homes available to rent on 1 November, 2021 nationwide, according to the latest rental report from website Daft.ie.
The property website reports that rents in the third quarter of 2021 were an average of 6.8% higher than the same period in 2020.
The average monthly rent nationwide between July and September was €1,516, a rise of 2.6% on the first quarter and more than double the low of €742 per month seen in late 2011.
According to Daft, “the increase in rents around the country reflects an ongoing and unprecedented scarcity of rental homes”.
Nationwide, there were just 1,460 homes available to rent at the start of this month, an all-time low since figures began being collected in January 2006.
“Indeed, the level of availability now is almost half the lowest level
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