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Just 1,400 Homes Are Available To Rent As Rates Increase By 10%

Less than 1400 homes were available to rent at the beginning of this month, with supply issues drivi...


Just 1,400 Homes Are Available...

News

Just 1,400 Homes Are Available To Rent As Rates Increase By 10%


Less than 1400 homes were available to rent at the beginning of this month, with supply issues driving rent up.

Latest figures, from Daft, show rents increased nationally by an average of 10 percent last year.

Author of the Daft Report, Ronan Lyons, says pre-pandemic there were between 3,000 and 4,000 homes up for rent.

"And even if that was low relevant to the previous decade."

The Trinity College Economist said we're living in a period of "unprecedented shortages" in housing supply, which only drives rates up.

In the last quarter of 2021, the average rent listed nationally was €1,524 a month, while in Dublin it was €2,056.

Ronan Lyons he says he find it hard to see how the growing price of rent can continue.

 



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Daft.ie Dublin Housing Housing Crisis Rent

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