Housing crisis continues as rents soar past Celtic Tiger highs

Tenants now paying on average an extra €232 a month compared to previous peak in 2008

In Dublin, there were just 1,265 homes available to rent last month, one-third below the average over the last five years. File photograph: Bryan O’Brien

In Dublin, there were just 1,265 homes available to rent last month, one-third below the average over the last five years. File photograph: Bryan O’Brien

Rents have risen by 70 per cent since bottoming out in the recession and are now 23 per cent higher than their Celtic Tiger peak, according to a new report.

The study shows rents increased during the first three months of 2018 – the 23rd quarter in succession – as the number of rental properties available nationwide continued to decline.

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