Rental situation might be even worse than report suggests

Stock countrywide stood at just 2,700 properties on May 1st – the lowest figure since series began

Capital Dock, where serviced apartments are available for €6,500 a month. Growth of serviced apartments in Dublin’s city centre is squeezing the availabilisty of long-term rents. Photograph: Dara Mac Donaill

There wasn’t much good news for tenants in Monday’s report from on the state of the rental market, and the situation might actually even be worse than the report suggests.

Overall, the report made for dismal reading for those either looking to rent a property for the first time, or those hoping to move home. While it pointed to a couple of “silver linings”, such as rental growth falling to a five-year low at a national level, and rental inflation in Dublin now lagging behind the rest of the country, overall growth rates remain high, at 8.3 per cent nationally and 6.8 per cent in Dublin.

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