9% nationwide rise in cost of renting house

The cost of renting a home rose by 9% nationwide in the past 12 months, with those in Dublin approaching the levels they were at the peak of the boom.

Experts believe rental costs will increase a further 10% over the next two years, with the cost of buying the average family home set to rise by up to 20% over the same period.

According to the latest quarterly rental report by property website Daft.ie, Dublin City saw the biggest annual rise, 14%.