Rents in capital up 2.8% as supply falls

The average residential rent in Dublin is up 2.8% on last year and the number of rental properties available in the capital is down 70% from the peak in 2009, according to property website daft.ie.

While average monthly home rents in Dublin now stand at €1,080, up more than 2%, the average rent nationwide is now €820 a month, — 0.8% higher than a year ago.

Ronan Lyons, economist at daft.ie, said the report showed continued falls in the available number of rental properties nationwide, but most significantly in Dublin.