10/12/2015

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.

The average rent for apartments was €945 (compared to €866 a year earlier), and for a house it was €873 (€810 a year earlier).

In Dublin, the rent for a house was €1,288, while rent for an apartment cost €1,169.

However, as prices continue to rise, the Simon Community has warned rents will continue to force more people into homelessness.

National spokesperson for Simon, Niamh Randall, said: "This is a national emergency, people are being priced out of the private rental sector, which not only puts them at risk of homelessness but also prevents people from moving out of homelessness.

"Growing numbers of people are stuck in emergency accommodation trying to go about daily living; sleeping, eating, playing, doing homework all in the one tiny space.

"The trauma of this and the stress for those sharing dormitory style accommodation can have a long lasting impact. This is not a solution to homelessness."

(LM/JP)

Related Irish News Stories
Click here for the latest headlines.

18 November 2016
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.
15 November 2016
Homeless Numbers Increase In South Dublin
The number of people registered as homeless in south Dublin has risen by 60% since January this year. Sinn Féin is calling on the council to acquire more homes after the number of homeless people increased from 274 in January to 439 in October. Housing spokesperson Eoin Ó Broin TD described the figures as "shocking".
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.
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.
05 December 2019
Charity Urges New TDs To End Homelessness
Four new TDs who entered the Dáil this week have been urged to make ending the housing crisis a key priority, as new figures reveal a record total of 10,514 people homeless. The number of homeless in Ireland has shot up by a staggering 55% since the last general election in February 2016, when 5,811 were homeless.