Remember that property bubble that we had? You know, the one that burst and we swore blind we'd never let happen again? Well...
The folks at Daft.ie have been crunching the numbers on the rental data (they would know, after all) and have found that in 2014, the only place where rents have actually come down is Donegal, while the rest of the country has seen an increase.
In some places, such as Dublin and Wicklow, the price hike has been huge, with a 17% increase seen in the Dublin city centre. In a comparison across the previous few years however, the worrying trend is the constant rise in numbers seen since the crash.
As you can see in the figures below, they all took a dip around the whole 2008-10 period (we can't imagine why) but don't you worry, they've come roaring back to be nearly as high as they were in 2007. You can click on the image for a bigger version.
The chart also contains a comparison between mortgage and rental rates, and points out that rents have risen by 26% in Dublin alone since 2011, meaning that they are now just a few short points behind their pre-crash levels.
That's it lads, we've had enough. We're moving to Spain. Who's with us?
Via Daft.ie
