A lack of supply in rental properties outside the capital is continuing to drive up rents, despite rising unemployment.
Rents rose by over 5 percent on average last year, according to new data from Daft.ie, with supply on the market this month down 17 percent.
Prices in Dublin fell however by more than 3 percent, but every other main city saw an increase.
Professor Ronan Lyons, author of the report, joined Shane Beatty on Breakfast Briefing: