Latest Daft report indicates the rate of increase in the capital moderated to just 0.3% in second quarter but was running at 4.3% elsewhere via IrishTimesBiz
Outside Dublin the average increase between March and June was 4.3 per cent, the second largest quarterly increase recorded outside the capital since the start of the Daft Report in 2006. Having fallen in the first quarter, market rents rose in each of the other main cities, Cork, Limerick, Galway and Waterford, it said.
Daft’s report noted that availability nationally remains “extremely tight” compared to other years, with fewer than 1,200 homes available to rent nationwide on its website as of August 1st. While the supply of rental homes has increased marginally in recent months, it said the “extraordinary shortage” of rental accommodation continues.
“Conditions remain far from benign for prospective tenants but the mismatch between strong demand and weak supply is not as stark as in recent quarters,” Mr Lyons said.
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