The Government has been urged to take emergency action as the latest Daft.ie rent report shows monthly prices have hit record levels.
Renters are now paying, on average, €2k more each year compared to the year before as rents rose by over 14%. In Dublin the rate of inflation was as high as 14.3%.
And Daft.ie warns that the high growth in prices is due to the lack of housing supply in Ireland. Author of the report, Professor Ronan Lyons of Trinity College, said the number of homes available has "collapsed".
