The average cost of renting a home in Ireland now stands at over a thousand euro a month, according to Daft.

The property website has released its latest quarterly report - which has found the average rent is now 1,006 euro - it's the first time it's gone over a thouand since May 2008.

In Dublin, rental inflation since March of last year has gone up by 8.8 per cent - while average rents are now 1.3 per cent higher than at the peak in 2008.

Economist at Trinity College and author of the report Ronan Lyons breaks down the figures: