There were just 1,460 homes available to rent on 1 November, 2021 nationwide, according to the latest rental report from website Daft.ie.The property website reports that rents in the third quarter of 2021 were an average of 6.8% higher than the same period in 2020.The average monthly rent nationwide between July and September was €1,516, a rise of 2.6% on the first quarter and more than double the low of €742 per month seen in late 2011.
Nationwide, there were just 1,460 homes available to rent at the start of this month, an all-time low since figures began being collected in January 2006. While the capital initially saw an increase in availability after the start of the pandemic, there were just 820 homes available in Dublin to rent on 1 November, the lowest ever recorded for the city in two decades.
Meanwhile, inflation in Limerick and Waterford cities is higher again, at 8.9% and 10% respectively, while rents outside the cities are 11.9% higher than a year ago.“Covid-19 temporarily reshuffled Ireland’s rental problems but the latest figures confirm those problems of shortages are getting worse over time," economist and the report's author Ronan Lyons commented.