Average Monthly Rents Hit Record High Of €1,391

Average monthly rents across the country have hit a record high in the second quarter of the year. According to a report by Daft.ie, the average rent is now €1,391 per month. However, the rate of increase has slowed to its lowest level in five years. The report's author, economist Ronan Lyons, said that this can more likely be attributed to limits in affordability rather than improvements in supply. Karl Deeter of Irish Mortgage Brokers, Aideen Hayden, chairperson of Threshold, and Margaret McCormack, information officer with the Irish Property Owners Association, joined us to discuss this. Listen to the interview in full by pressing the play button on this page.

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Average Monthly Rents Hit Record High Of €1,391