Rents fell in Dublin in 2020 – the first time rents fell in the capital for a decade. Between late 2010 and early 2020, rents in Dublin rose by 106 per cent on a like-for-like basis – at a time of almost-zero inflation in the wider economy. Looking back at the entire history of Dublin’s rental market since the end of World War 2, such a long run of rising rents, stripping out any wider inflation in prices, is unprecedented. The only up-swings that come close are the five-year doubling of real rents between 1959 and 1964 and the near-doubling…

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