The Residential Tenancies Board (RTB) has reported an 11.6% increase in average rents for new tenancies in Ireland, the highest annual increase since 2007. Rents in Dublin are considerably higher than the national average.
AVERAGE RENTS IN new tenancies increased nationally by 11.6%, the highest annual increase since the Residential Tenancies Board ( RTB ) series began in 2007. The RTB today launched its Rent Index Report for Q2 of this year, covering April to June 2023. New rents increased by 11.6% between Q2 of 2022 and Q2 of this year. The year-on-year rate of change in new tenancies in Dublin was 10%, but 11.7% outside of Dublin .
However, average rents in new tenancies in Dublin are considerably higher than the national average. In Dublin, this figure is €2,102, against a national average of €1,574. Leitrim is the county with the lowest average rent for new tenancies, at €879 per month. There was also a stark quarter-on-quarter rate of change in new rents, standing at 5.2% nationally and 4.7% in Dublin. Outside of Dublin, defined as outside Co Dublin, this quarterly rate of change is 6.1%. Sinn Féin’s spokesperson on Housing Eoin Ó Broin has called for the Government to urgently ban rent increases following the latest RTB repor
Rents New Tenancies Residential Tenancies Board RTB Increase Dublin National Average
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dublin rents show signs of stabilisation, but costs remain highThe near stabilisation in Dublin rents is welcome, but costs remain too high and there is no guarantee that they will start to fall back. The average annual increase of 8% nationwide does not tell the full story, as Dublin rents rose by 4.3% while rents elsewhere in the country increased by 11.5%. Although Dublin rents have only risen by 1.3% since the start of the year, rents in other areas have increased by 9%. While the near stabilisation of rents in Dublin is positive, the average rental costs of €2,200 to €2,600 per month across the four Dublin local authorities are still too high.
Read more »
Windsor Park to host Nations League meeting of Northern Ireland and Republic of IrelandThe sides will meet at Belfast’s National Football Stadium on 5 December.
Read more »
Republic of Ireland to take on Northern Ireland at Windsor ParkThe rivals will meet in Group B1 on Tuesday 5 December at the National Stadium, where the Northern Ireland senior women’s team last played in April 2022
Read more »
Weather Ireland: Flooding affects homes from Wexford to Newry ahead of Storm CiaránIreland weather: Amber level warning in place for Northern Ireland as Met Éireann issues yellow warning
Read more »
Google Ireland, Meta Ireland and TikTok win EU caseThe EU Court of Justice has ruled that Google, Meta and TikTok, which all have their European headquarters in Ireland, cannot have additional obligations imposed on them by other member states.
Read more »
Rents rising nationally but marked slowdown in DublinRents being sought for properties on the open-market nationally are continuing to increase, but there has been a continued slowdown in the rate of increase in Dublin.
Read more »