In Mayo, rents were on average 8% higher in the third quarter of 2019 than a year previously. The average listed rent is now €762, up 47% from its lowest point.

In Connacht, rents rose by an average of 8.9% in the year to September 2019 and are now 26% above their previous high in early 2008, according to the latest quarterly Rental Report by Daft.ie.

The average monthly rent in Galway was €1,299, up 5.9% on the third quarter of 2018.

At €1,403, the average monthly rent nationwide during the third quarter of 2019 marks the fourteenth consecutive quarter of record rents.

Rents rose by an average of 5.2% nationwide in the year to September 2019 with the average listed rent is now €373 per month higher than the previous peak in 2008 and almost €660 higher than the low seen in late 2011.

In the country, rents continue to rise at faster rates, with increases of 10.1% in Munster and 8.2% in Connacht-Ulster in the year to September.

Author of the report Ronan Lyons says its bad news for tenants.

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