Rent prices still rising in major Irish cities but national figure falls 0.1%, according to Daft report
Rent prices in Ireland have fallen for the first time in more than seven years, although figures in Dublin continued to rise.
Video Loading Video Unavailable Click to play Tap to play The video will start in8Cancel Play now Compared to the end of 2018, rents in Dublin at the end of 2019 were 3.5% higher, and in Cork and Galway the numbers were 5.5% higher.Outside the cities, rents were 4.7% higher in late 2019 than the year before.There were 3,543 properties available to rent across the country on February 1, up 10% from the 3,216 available the same date a year ago.
Ronan Lyons, economist at Trinity College Dublin and author of the Daft Report, said: "With the election of a new government, housing - and in particular the rental sector - are likely to be key parts of the new government's priorities."By worsening insider-outsider dynamics, rent freezes are likely to further harm those most affected by the shortage of accommodation.
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