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Lack of supply a key factor in Tipperary rent increases

The average monthly rent in Tipperary has increased by over €200 in the last four years.

That’s according to a new Daft.ie report which shows that the cost of renting in Ireland is the highest it has ever been.

Tipp’s average monthly rent stands at €767 per month, an increase of 9.2 percent in the year to the end of June.

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Nationally, there was an increase of 12.4 percent over the last 12 months, averaging over €1,300 per month, far higher than their peak in 2008.

Earlier this morning on Tipp Today, Economist Ronan Lyons, told Fran Curry the issue of rising rents is down to a lack of rental supply.

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