Average rents top €2,300 in Dublin and €1,700 in Cork, as prices respond to chronic shortage of properties

2KCGAYH 'TO LET' signs seen in front of rental properties in Dublin City Center. On Monday, 21 June 2021, in Dublin, Ireland. (Photo by Artur Widak/NurPhoto)

Rents across the country continue to rise to record levels, driven by a chronic shortage of houses.

In the final quarter of 2022, average rents hit €1,733 per month, up 13.7% on the same period a year ago. In some parts of Munster, the rise was even higher — with Limerick up 18.9% and Waterford up 20%, according to the latest report from Daft.ie.