Average Rents In Dublin Have Risen To €1,936
Average rents have risen to new all time high levels, according to the latest report from Daft.ie.
Dublin rents have now reached an average of €1,936.
Rents in the second quarter of the year were 13.4% higher than a year ago.
They are also more than a third higher than the peaks recorded in late 2007 and early 2008.
Image: Daft.ie
Nationally, the rent is now €274 higher than the previous peak in 2008.
The average rent nationwide was €1,304 during the second quarter of this year.
Economist Ronan Lyons is author of the Daft report - and says rents will continue to rise.
He observed: "It is unsurprising to see rents rise once more.
"As before, with such a mismatch between supply and demand, policy must focus on dramatically increasing the construction of urban apartments, for both market and social housing needs.”