Nationwide rents rose 0.5% in the first three months of 2011 but are still 25% below the 2007 peak, according to the latest report published by Daft.ie.

The average rent nationwide now stands at €825.

Rents have been largely static since early 2010, however the stabilisation nationally hides different regional trends.

In Cork city and some parts of Dublin, rents are now up to 3% higher than the same time last year, while in Galway city they are largely stable.

In Waterford city they fell 6% while elsewhere in the country rents are 3-4% lower than this time last year.