Rental supply at an all-time low as prices up 5.6% on 2020

The average monthly rent stood at €1,477 in the second quarter of 2021, up 2.4% on the first quarter and almost 99% up from a low of €742 per month seen in late 2011. File picture: Sam Boal / RollingNews.ie

National rental prices are 5.6% higher than this time last year, driven by supply hitting an all-time low, a new report has found.

Daft’s latest quarterly report found national rents had the strongest year-on-year increase since mid-2019.