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Record Breaking Rents "A Cause Of Shame"


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Stillorgan, Dundrum, Sandyford and Glencullen are the most expensive areas to rent in Dublin, costing up to €2,097 a month.

The average city property has reached record levels again, at over €1,511 a month.

That's up from €1,436 in the last three months of 2016 which is a 5.2% increase.

Cabra and Finglas are two of the cheapest places to rent, with the monthly cost of a two-bed property costing an average of €1358 a month.

Prices are continuing to rise higher than their boom time rates despite the 4% cap on rent hikes.

Rosalind Carroll from the Residential Tenancies Board says these are still sharp increases for ordinary tenants. "It's still a big amount of money for somebody."

The Sinn Fein leader, Mary Lou Mc Donald, has labelled new rent rates as "scandalous", and believes the figures published today are a "cause of shame and disgrace".


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