Rents are predicted to rise by around a quarter over the next two and a half years.
New analysis of CSO figures by Savills shows that the number of properties available for rent has risen since 2011, but not enough to keep up with demand.
According to Daft dot ie - average rents have risen by a third in the past five years - and are now at an all-time high.
Juliette Gash reports;
According to Savills;
Contrary to a popular misconception Ireland’s Private Rented Sector is growing rapidly. New research by Savills Ireland, which is based on previously unpublished CSO data, shows that 24.5% of all households in Dublin – incorporating 328,700 persons – are now in private rented accommodation. This represents a 61.3% increase since Q1 2011. Dublin’s stock of rental properties has expanded by 43,120 since Q1 2011, and nationally the rented stock has risen by 24,128. This contradicts claims by some estate agents and business associations that landlords are fleeing the market.
