The average advertised rent in Laois is now €915, up 82% from its lowest point – according to Daft.ie.
Rents rose nationwide by an average of 11.3% in the year to September 2018.
This represents the tenth consecutive quarter in which a new all-time high for rents has been set and also in which annual inflation in rents has been greater than 10%.
The average monthly rent nationwide during the third quarter of 2018 was €1,334. This is €304 per month higher than the previous peak in 2008 and over €590 higher than the low seen in late 2011.
In Laois, rents were on average 12.6% higher in the third quarter of 2018 than a year previously.
Commenting on the report, Ronan Lyons, economist at Trinity College Dublin and author of the Daft Report, said: “The latest figures, showing a further strong rise in rents around the country, may not be surprising.
“Nonetheless, the condition of the private rental market remains a cause for huge concern, with very strong demand not being met by supply.
“A comparison of the country’s households and its dwellings reveals an acute shortage of apartments, not family homes.
“However, the recent increase in residential construction is being driven by estate houses, not apartment schemes. Dramatically increasing the construction of urban apartments, for both market and social housing sectors, must become the priority for policymakers in 2019.”
Martin Clancy from Daft.ie said: “We’re seeing continuing increased traffic and demand across all our platforms.
“On average over 1,000 property searches are now taking place every minute on Daft.ie.”
