'Extraordinary collapse' in supply leads to record spike in rents

Average market rents were €1,688 per month between July and September. That is 120% above the low of €765 per month in late 2011. Picture: RollingNews.ie

An “extraordinary collapse” in supply of rental homes has driven rents to record highs, up 14.1% compared to the same time last year. 

The Daft.ie Rental Report for Quarter 3 of this year shows 75% fewer rental homes available than in 2019, and almost 60% fewer compared to last year.