Rents rise to pre-crash levels fuelling fears of student crisis

Rents have soared to Celtic Tiger-era levels fuelling fears of a college student accommodation crisis.

New figures show rents rose nationwide by an average of 3.9% in the second quarter of 2016 — the largest three-month increase in rents since early 2007.

The latest quarterly Rental Report by Daft.ie, shows the average monthly rent for the quarter was €1,037 — the highest level on record — with 1,000 fewer properties listed for rent than the same time last year.