Promising property news has emerged for Dublin this week as it has been revealed that costs in the capital have fallen.
The surprising drop comes on top of announcements that rent for the rest of Ireland continues to soar.
Dublin's prices dropped by 3.3% with the average rent here now standing at just under €2,000.
In Dublin 1, Dublin 4 and Dublin 6, rents over the final three months of 2020 were 6% lower than a year previously while in Dublin 2, they were 7% lower.
The sharp rises across the country are due to shrinking supplies of properties which is driving rent amid a rise in unemployment also.
Rents went up 5.6% on average elsewhere last year according to Daft.ie's new data with market supply down 17% this month.
Professor Ronan Lyons says the pandemic has began to normalise Dublin's rental market.
He said: "What's interesting is that when you look at the number of properties coming off the market in Dublin, it's not that the capital is suffering from a glut, it's actually that there's as much demand out there as there is extra supply."
