Rent prices across Mid-West up 30% with no cost rentals available in the region

In Limerick city, rising rents of 19% represent an additional annual spend of almost €3,700 for a new tenancy

Last month, the number of homes available to rent across Limerick, Clare and Tipperary was just 87, down from 173 less than a year ago.

The number of homes available to rent in Ireland's Mid-West is just half what it was less than a year ago, with prices rising by almost 30% as supply shrinks.

According to the most recent Mid-West Rental Monitor published by Limerick Chamber, increasing rental prices are having a significant impact on people's ability to save for a home, with the current interest rate environment also creating additional challenges for prospective homeowners.