Lack of supply is leading to rising prices.
A new report shows rents around the country increased by an average of 10 percent last year.
It's according to latest figures from the property website Daft.
They show the average rent nationally in the last quarter of 2021 was €1,524 a month.
In Dublin, the average listed rent was €2,056, that's double what it was at its lowest point in 2011.
(Image via Pixabay)Economist at Trinity College Dublin, and author of the Daft Report, Ronan Lyons, says a lack of supply is driving up rental prices.
Meanwhile, so called Cockoo funds are outbidding house hunters and pushing up property prices even further.
The Irish Independent reports that figures show institutional buyers are paying a premium of as much as 32% for each house they bought last year.
A report from BNP Paribas Real Estate found that large investors paid €2.27 billion for almost 4,900 private rented units last year, or an average of almost 430 thousand euro per unit.
That's €104,000 more than the €325,000 average paid by home buyers in the 11 months to the end of November last.
