Rent prices rise by 84% since...


Rent prices rise by 84% since 2012

RedFM News
RedFM News

12:35 28 Oct 2022

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Rents have gone up by a whopping 84% in just under a decade.

A new ESRI report shows they rose from an average of €589 per month in 2012 to €1,084 in 2021.

It says income inequality has hit a record low because of a growth in wages during the pandemic.

Economic and Social Research Institute Economist Barra Roantree says despite this, tenants are struggling to pay rent.

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