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Cost of living rises hitting prospective renters and buyers, survey finds

The rise in the cost of living is having a significant effect on prospective renters and homebuyers, a new survey has found.

According to data from property website MyHome.ie, more than 60 per cent of prospective renters said the current cost-of-living crunch has affected their ability to rent a property while half of prospective homebuyers said the cost of living has affected their ability to purchase a property.

The property listing site conducted a survey of 2,861 people earlier this month.

Figures released earlier this month by the Central Statistics Office showed consumer prices rose by 9.1 per cent in the year to July, the same level as in June.

Read the full details in Breaking News

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