Rents on the rise but still 23% below boom rate

The cost of renting across the country rose by 3.5% over the past year, but tenants are still paying 23% less than they were at the height of the boom in 2007.

The latest quarterly rent index from the Private Residential Tenancies Board breaks the rental market down to Dublin and outside Dublin .

It shows that between the first quarter of 2013 and the same period in 2014, private sector rents in the capital went up by 8.4%. House rents rose by an average of 6.7% and apartments went up by 10.3%.