Rents are rising faster outside of Dublin.
In the third quarter of this year rents rose by an average of 1.8% across the country compared to the previous quarter.
This compares to rent rises of just 0.4 per cent in Dublin, due to a boost in housing supply in the capital.
Areas in both Galway and Limerick cities are up 16% in the past year, to about 1,900 euro.
Daft report author, Ronan Lyons says it's a different picture in other parts of the country:
New rent up 8% on last year according to latest @daftmedia report
🆘 Avg rent now €1,823 pm or €21,876 py
🆘 Avg Dublin rent €2,317 pm or €27,804 py
🆘 21 counties with double digit rent hikes
Tenants need a ban on rent increases & a full months rent back in their pockets pic.twitter.com/5F6mxx6BRv
— Eoin Ó Broin (@EOBroin) November 13, 2023
Ban On Increases
Meanwhile, in light of the DAFT report, Sinn Féin is calling for a three year ban on rent increases.
Housing spokesperson Eoin Ó'Broin spoke to Spin.
"So renters desperately need a break, they need Government to intervene."
He's called on the Government to support the proposal for a three year ban on rent increases, as well as a change to the renters' credit to give a full month's rent back.
"Because otherwise the rent increases will just swallow up the inadequate tax break the Government has for tenants."
