'In all four regions, this reflects extraordinarily weak availability of rental accommodation,' said Ronan Lyons. This is particularly true for homes for smaller households, homes in urban areas and rental homes.' The economist added: 'Ireland badly needs tens of thousands of new rental homes.' Dundalk TD Peter Fitzpatrick has highlighted how mortgages are much more affordable than the increasing cost of rent. Rents have never been higher in Dundalk and they show no sign of levelling off.

Source: Irish Independent May 21, 2021 23:43 UTC