The cost of renting outside of Dublin has increased by an average of 11% in the past 12 months.
The latest report by Daft.ie shows that rents in Dublin increased by about half a percent in the past year, compared to a national average of 5.6%.
But Ronan Lyons author of the Daft report, says the biggest increase can be seen outside the capital.
🆘New rents rise for the 36th quarter in a row
🆘16 counties have double digit inflation
🆘All counties bar Dublin have rent increases of >7%
🆘Govt has no plan to increase rental supply or halt rent rises
Read the full @daftmedia report here https://t.co/RiDLAccc7u pic.twitter.com/I5TebqMVye
— Eoin Ó Broin (@EOBroin) August 10, 2021
"In Kerry for example, rents are up 16.5% year on year."
The Trinity College economist says the main issue lies with supply.
"If you look at Ireland in the last 10-15 years, effectively no rental homes have been built in that time period".
He says with about 15 percent more people renting than there were in the early 2000s, the issue is continuing to grow.
"Supply is where policymakers should be focusing their efforts," he said.