Rents are up an average of 80 euro a month across Dublin.

That's according to figures published in the latest report from property website Daft-dot-ie.

The study looks at data for the first three months of the year.

The average national rent is up 2.7 percent on last year's figures, and has risen for three consecutive quarters for the first time since 2007.

Rent nationwide now stands at an average of 815-euro, compared to 794-euro a year ago.

The average monthly rent in Dublin is now €77 higher than it was in late 2010 - that's almost €1,000 extra a year.

Reason for the increase

Chief Economist with Daft.ie Ronan Lyons says the reason for these varying trends is supply.

"Looking at the rental market in Dublin, there are now fewer properties available to rent than at any point since early 2007, when rents were rising at double-digit rates. Whereas this time last year, a renter in the capital would have over 4,000 units to choose from - or indeed over 7,000 to choose from in 2009 - currently, there are fewer than 2,000 homes on the market in the capital."

He continued "The graph overleaf shows the average number of units rented out by region, during 2012. In Dublin, typically about 4,300 units were rented out each month - but only 4,200 were listed, eating away at the stock of supply.

The result is that now the supply on the market in Dublin is less than half that required to meet a month's demand. In other cities, supply and demand are roughly equal, while elsewhere in the country, particularly outside Leinster, there is still more supply than demand."

For a full rundown of the latest Daft.ie report click here: