Cost Of Rent Goes Up Again

Cost Of Rent Goes Up Again
Andrew Lowth
Andrew Lowth

13 Feb 2018

Rents rose by over 10 per cent across the country in 2017.

New figures from Daft-dot-ie shows that people now pay on average €1,227 every month.

Rents in the capital are €4,500 more a year than they were during the peak of the Celtic Tiger.

Source: Daft Rental Report Q4 2017

The author of the report, Ronan Lyons, says he believes the trend is here to stay.

He said: "Unfortunately the dynamics in the market with very strong demand and very weak supply look set to continue for at least a couple of years.

"I wouldn’t be surprised if we end up with ten years of strong rental growth – in particular in Dublin but not confined to Dublin, across the country."