Advertised rents rose by just 0.6% between January and the end of March, new data from the property listings website Daft.ie shows.
It meant that average rent sought in the first quarter was €1,836 per month, an increase of 4.9% on the same period last year.
"More supply, even at the upper end of the market, relieves pressures across the market and, in the second half of 2023 in particular, new supply saw availability improve and inflation has eased," said Mr Lyons who is also Associate Professor of Economics at Trinity College Dublin. "For that reason, policymakers must develop a thorough understanding of rental supply dynamics ahead of a detailed plan on dramatically increasing rental supply over the rest of the decade."
Business Your Money Business Watch And Listen Daft.Ie Rent
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Half of Irish firms struggling to keep pace with AI: DellNew research from Dell Technologies has highlighted concerns among Irish companies that are struggling to keep pace with generative artificial intelligence (GenAI).
Read more »
Activity in service sector rises but at slower paceActivity in the service sector rose in April but at its slowest pace since January, new data shows.
Read more »
Galway United continue to set pace in front of record crowdShelbourne keep pressure on with win over Dublin rivals Bohemians.
Read more »
ECB’s Schnabel sounds cautious note on pace of rate cutsBoard member says June move ‘may be appropriate’
Read more »
European shares dip amid concerns over pace of ECB rate cutsOn the Iseq banking stocks were largely higher, with AIB gaining
Read more »
Murray and Umeh secure points for unbeaten Cork CityTim Clancy’s side continue to set First Division pace with victory at Finn Park.
Read more »