Average rents down 2% since start of year

Average rents for private homes across the country have fallen marginally for the first time since 2004, according to the latest assessment by Daft.ie.

Rents for houses and apartments advertised on the property website have dropped by around 2% since the start of the year.

On an annual basis, rents have increased by 3.5% over the past year, compared to 12.4% in the previous 12-month period.

Daft.ie says the number of properties available to rent has almost doubled to 12,000 since May 2007.

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