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.
A new report from Daft shows “unprecedented scarcity” of homes to rent, the lowest since surveys began in 2006. It shows the average monthly rent was €1,477 in mid 2021, double the average rent in 2011, while the average in Dublin is €2,035.#Sep15 #VulturesOut pic.twitter.com/Ivsbs4TpC4
— Paul Murphy (@paulmurphy_TD) August 10, 2021
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.