‘Unprecedented scarcity’ of homes drives rent price inflation to 5.6%

Report by property website Daft.ie highlights pick-up in rent price inflation

According to Daft.ie, outside Dublin there were just 789 homes available to rent on August 1st last, by far the lowest on record. Photograph: Moodboard/Brand X/Getty

According to Daft.ie, outside Dublin there were just 789 homes available to rent on August 1st last, by far the lowest on record. Photograph: Moodboard/Brand X/Getty

A chronic undersupply of rental accommodation is placing further upward pressure on rents, according to property website Daft.ie.

In its latest quarterly report, Daft said rent prices nationally rose at an annual rate of 5.6 per cent in the second quarter, the strongest year-on-year increase since mid-2019.

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