The figures in this latest Daft.ie Rental Report make grim reading for most, including those renting and those in charge of Ireland’s housing system. The average rent nationwide rose by almost 4% in the third quarter, equalling the largest three-month increase seen in the second quarter of the year. Combined with other recent increases, it means that the annual rate of rental inflation in Ireland is now 11.7%, the highest recorded by the Daft.ie Report since its series start in 2002.
For much of the past four-to-five years of rent increases, the story has been about where has been driving the national increase in rents. Particularly in 2013 and 2014, it was Dublin that was responsible for pulling up the national average rate of rental inflation: in mid-2014, rents were 15% higher than a year previously. By late 2015, it was outside Dublin – in particular the other urban markets and the commuter counties around Dublin that were driving the national increases.
Irish Rental Report Q3 2016 | Daft.ie
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