‘Disaster’ warning as rents jump 11.7% to surpass Celtic Tiger peak

Rents are rising in double digits and are now higher than at the height of the Celtic Tiger, with “disastrous” consequences for renters, communities, and the country’s competitiveness.

The average rent across the country increased by 11.7% in the 12 months between September 2015 and the same month in 2016.

This is the highest yearly increase since Daft began its quarterly rent reports 14 years ago.