Perfect storm building for housing crisis

The deepening housing crisis could be heading for a perfect storm, with one new report showing record high rents and plummeting stock, and another report projecting a 20% rise in house prices in the next three years, writes Noel Baker.

The latest Daft.ie rental price report, covering Q3 of this year, shows rents have risen for the 21st consecutive quarter and that the average rent across the country is €1,198 — an 11.2% increase on the same period last year.