Rents Continue To Rise Due To Lack Of Supply

A new report on the rental market shows that a lack of supply is driving up the cost of renting a home.

The latest Daft Rental report indicates that rents have increased by 5.6 percent nationally in the past 12 months.
However, the cost of renting a property outside Dublin has increased by an average of 11 percent.
In July, new legislation linking rent increases to the rate of inflation was introduced in a bid to curb rising rents.
But, Ronan Lyons, economist at Trinity College Dublin and author of the Daft report, says attempting to ban rent increases won't actually solve the problem