Stillorgan, Dundrum and Sandyford are among the most expensive places to rent in Dublin. New figures shows rents in the city are now 8 per cent above their peak levels in 2007.
The average cost of renting a place nationwide now stands at 986 euro but pretty much everywhere here in Dublin is way above that.
Take for example Stillorgan where renting a place could set you back on average 2 thousand euro. It’s around 18 hundred in both Dundrum and Sandyford, while it’s 1500 in Lucan and 1 thousand 350 in the north inner city.
The Housing Minister says high rents mean people can’t live or work where they want, but Simon Coveney says all areas in Dublin are now designated as rent pressure zones meaning landlords are restricted in how they hike their prices.
"We have parts of Dublin where rents and house prices are extraordinarily high, and that has been the case for many years. What rent pressure zones will at least do is put some reigns on the increases that we have been seeing in many areas", the Minister said.
The Minister says rent pressure zones aren’t a perfect solution to the rental problem but he says it’ll help renters - until supply increases.