Construction News

15/05/2023

Over 10% Rise In National Rents

Rent prices across Ireland have risen by almost 12% in the last 12 months, a new report has found.

The latest Daft.ie rent report revealed how 24 counties saw double digit rent inflation, while Mayo, Longford, Roscommon and Cavan had rent increases of 20% or more.

Commenting on the new report, Sinn Féin representative Eoin Ó Broin TD said: "The average new rent across the state is now €1,750 while in Dublin City the average new rent is a staggering €2,302.

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"Despite the falling private rental stock and rising private rents, Government's cost rental delivery is appallingly low. Just 684 cost rental homes were delivered last year.

"Government must accept that its cost rental targets are too low. They must also accept that the price of these cost rental units is too high.

"They must dramatically increase and accelerate the delivery of these much needed cost rental homes and ensure that they are genuinely affordable to working people."

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