Families on the brink amid rent hikes

Thousands of families have been forced into homelessness as record high rental costs and a drastic lack of housing supply is pushing families to the brink.

According to the last Daft.ie rental report for the second quarter of this year, the trend of skyrocketing rents right around the country shows no sign of abating, while the number of properties available to rent has reached an all-time low.

The report reveals rents rose across the country by an average of 11.8% in the year to June, while the average monthly rent during the second quarter of this year was a record high of €1,159. This is the fifth quarter in a row that a new high has been set.