Largest private landlord charges monthly €2,600 rent

One of the country’s largest private housing landlords is charging rents of between €1,111 and €2,600 a month for its apartments.

Profits at the stock market listed I-Res REIT, a property fund that focuses on owning and renting apartments in Dublin, rose over 25% to €31m in the six months to the end of June from a year earlier.

Net rental income increased to €17.1m from €14m, “driven by strong occupancies and higher average monthly rents”, it said.