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18/09/2014
Rents In Dublin Rise By 8.5%
Annual growth in the Dublin private rented market in the year to the end of June this year was 10.5%, with Dublin house rents up by 8.5% and Dublin apartment rents up by 12.1%.
In contrast, annual growth in rents for the market outside Dublin was more subdued, recording growth of 2.6% when compared to the second quarter of 2013. Again the performance differs by property type. The monthly rent for houses outside Dublin increased by just 2.4%, while apartments outside Dublin experienced an increase of 3.2%.
The data is from the Quarterly Rent Index of the Private Residential Tenancies Board (PRTB), which operates a national registration system for the private rented sector. It is compiled by Economic and Social Research Institute (ESRI) for the Board.
This latest data for the private rented sector means that in the second quarter of this year, monthly rents for the whole country were almost 19% lower than their peak in late 2007, with Dublin rents down 12.7% from that peak. Rents for houses nationally are 22.3% lower than they were in the fourth quarter of 2007. Rents for houses outside Dublin are 25.2% lower than their peak, while rents for Dublin houses are 11.7% lower than in late 2007.
Commenting on the Rent Index findings, the Director of the PRTB, Ms. Anne Marie Caulfield, said: "The private rented sector is a very important aspect of Ireland’s housing policy, and has doubled in size between 2006 and 2011. It is also serving an important role in terms of Social Housing, with approximately 77,000 Rent Supplement tenants and 36,000 RAS (Rental Accommodation Scheme) tenants now living in the private rented sector.
"However, the rate of rent increase is of concern in that it is impacting on affordability, especially in Dublin. The PRTB will be submitting a strategy for the private rented sector to the Minister in the near future, which will examine measures to increase supply, improve affordability and ensure that standards are adhered to."
(CD/MH)
In contrast, annual growth in rents for the market outside Dublin was more subdued, recording growth of 2.6% when compared to the second quarter of 2013. Again the performance differs by property type. The monthly rent for houses outside Dublin increased by just 2.4%, while apartments outside Dublin experienced an increase of 3.2%.
The data is from the Quarterly Rent Index of the Private Residential Tenancies Board (PRTB), which operates a national registration system for the private rented sector. It is compiled by Economic and Social Research Institute (ESRI) for the Board.
This latest data for the private rented sector means that in the second quarter of this year, monthly rents for the whole country were almost 19% lower than their peak in late 2007, with Dublin rents down 12.7% from that peak. Rents for houses nationally are 22.3% lower than they were in the fourth quarter of 2007. Rents for houses outside Dublin are 25.2% lower than their peak, while rents for Dublin houses are 11.7% lower than in late 2007.
Commenting on the Rent Index findings, the Director of the PRTB, Ms. Anne Marie Caulfield, said: "The private rented sector is a very important aspect of Ireland’s housing policy, and has doubled in size between 2006 and 2011. It is also serving an important role in terms of Social Housing, with approximately 77,000 Rent Supplement tenants and 36,000 RAS (Rental Accommodation Scheme) tenants now living in the private rented sector.
"However, the rate of rent increase is of concern in that it is impacting on affordability, especially in Dublin. The PRTB will be submitting a strategy for the private rented sector to the Minister in the near future, which will examine measures to increase supply, improve affordability and ensure that standards are adhered to."
(CD/MH)
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Cross-Union Secure Rents Campaign Launched In Limerick
IMPACT has the first in a series of public meetings as part of a cross-union Secure Rents campaign. IMPACT organiser Joe O'Connor said: "The Government's own Rebuilding Ireland action plan stated that moderating rental price inflation was one of its core objectives.
Cross-Union Secure Rents Campaign Launched In Limerick
IMPACT has the first in a series of public meetings as part of a cross-union Secure Rents campaign. IMPACT organiser Joe O'Connor said: "The Government's own Rebuilding Ireland action plan stated that moderating rental price inflation was one of its core objectives.
26 March 2015
Report Find Private Rents Still Rising
Private rentals across Ireland rose by 5.8% in the last quarter of 2014, with Dublin rents significantly higher than the national average, according to a new report by the Private Residential Tenancies Board (PRTB). PRTB found that the average cost of an apartment rental in Dublin rose by 10.
Report Find Private Rents Still Rising
Private rentals across Ireland rose by 5.8% in the last quarter of 2014, with Dublin rents significantly higher than the national average, according to a new report by the Private Residential Tenancies Board (PRTB). PRTB found that the average cost of an apartment rental in Dublin rose by 10.
10 December 2015
Private Sector Rents Increase By 8.6% - PRTB
Monthly private sector rents in Ireland increased by 8.6% at the end of September compared with the same period in 2014, it has been announced. Data from the Private Residential Tenancies Board (PRTB) revealed on a national scale, rents for houses were 7.7% higher, while apartment rents were 9% higher than the third quarter of 2014.
Private Sector Rents Increase By 8.6% - PRTB
Monthly private sector rents in Ireland increased by 8.6% at the end of September compared with the same period in 2014, it has been announced. Data from the Private Residential Tenancies Board (PRTB) revealed on a national scale, rents for houses were 7.7% higher, while apartment rents were 9% higher than the third quarter of 2014.
23 November 2016
SF Announces Secure Rents and Tenancies Bill 2016
Sinn Féin have announced the introduction of the Secure Rents and Tenancies Bill 2016, which seeks to amend the Residential Tenancies Act 2004 in order to provide for greater rent certainty and security of tenure for tenants in the private rented sector.
SF Announces Secure Rents and Tenancies Bill 2016
Sinn Féin have announced the introduction of the Secure Rents and Tenancies Bill 2016, which seeks to amend the Residential Tenancies Act 2004 in order to provide for greater rent certainty and security of tenure for tenants in the private rented sector.
12 December 2013
Figures Show 6.4% Increase In Dublin Rents
A 6.4% rise in rents in Dublin has been recorded in the past year, figures from the Economic and Social Research Institute and the Private Residential Tenancies Board have revealed. The findings are based on actual rents paid and not those asked for by landlords. The figures also show that rents outside the capital have fallen by 0.2%.
Figures Show 6.4% Increase In Dublin Rents
A 6.4% rise in rents in Dublin has been recorded in the past year, figures from the Economic and Social Research Institute and the Private Residential Tenancies Board have revealed. The findings are based on actual rents paid and not those asked for by landlords. The figures also show that rents outside the capital have fallen by 0.2%.
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