A new survey from Daft.ie shows rents have increased ahead of the introduction of rent controls.
It says rents went up by over 3% between July and September, making it the largest quarterly increase since the peak in 2007. The national average was €964.
That means tenants are paying an extra €82, compared to the same time last year.
Supply is at its tightest level on record with just over 4,000 properties available to rent on November 1st.
Economist with Daft Ronan Lyons believes landlords raised their prices when they heard new rent controls were on the way:
In many places around the country, it makes better financial sense to buy a home rather than rent.
However, Eoin McGee from Prosperous Financial Management says once you start talking about larger houses that changes:
