THE cost of rent in Ireland is now higher than ever before.
New figures from Daft.ie have revealed that the monthly cost of renting a home in Ireland is at an all-time high, €274 more than at the peak of the Celtic Tiger.
Furthermore, in some parts of Dublin, the monthly rent shot up by an average €200 in just the space of a year.
The average national cost of renting nationwide in the months April-June of this year was €1,300 a month.
The cost of paying the landlord is now €560 more a month than the low in the rental market seen back in 2011.
The most astonishing figures were recorded in the capital where the cost of renting is now €500 more than a decade ago.
In some areas, homes to rent cost €2,000 a month.
This marks a surge of 34% in the capital in the last ten years.
The prospect of buying a home has never been less likely as difficulties with saving a deposit or securing a mortgage, or a shortage of properties to buy, continue to haunt the housing market.
As a result, many people have found themselves locked into a life of renting, where the situation is no better.
