Ronan Lyons: 'Extraordinarily weak' supply in rental accommodation driving price increases
Covid-19 has done many things and wrought changes previously thought unthinkable in many instances. What it cannot do, however, is change the simple fact that for close to 30 years, Ireland has built too few homes. File picture
At first glance, very little changed in Ireland’s rental market in the first quarter of the year. The year-on-year change in the national average rent was 1.7%, up a little on the 0.9% increase recorded in the final quarter of 2020.
This was driven not by a change in the regional trends but rather by their continuation – in Dublin, rents were down 3.2%, almost exactly the same fall recorded in the last quarter of 2020, while in the rest of the country, rents were 7.1% higher – compared to an increase of 5.4% three months ago.
