Limerick renters paying up to €4,000 more per year as housing supply drops 16%

Limerick Chamber has warned that the midwest's rental crisis has reached "a critical point" with just 21 homes to rent in the city

"Supply in Limerick City has dropped by 16% year-on-year, while at the county level, it has dropped by 15%," said Chief Economist and Director of Policy at Limerick Chamber, Seán Golden. Picture Dan Linehan

New tenants across Limerick are now paying between €3,500 and €4,000 more annually in rent payments as supply shortages continue to exacerbate the ongoing housing crisis.

New figures from Limerick Chamber show there were just 21 homes to rent in the city and surrounding areas in October, 10 less than the previous month, however, despite such a notable fall, the average rental cost remained high at around €2,000 per month, indicating a significant 17% increase from the same period last year.