Image: Sam Boal via RollingNews.ie Image: Sam Boal via RollingNews.ie
THE NATIONAL AVERAGE rent has increased yet again by 8.3% as 19 new areas were designated as rent pressure zones.
The latest report from the Residential Tenancies Board (RTB)’s rent index showed that the national standardised average rent is €1,169 per month. This is an 8.3% increase (€90) annually and 2.1% quarter-on-quarter increase.
While growth remains high in Dublin with the average rent of €1,662 per month, an increase of 8.5% (€70) on the previous year, rental inflation has been highest in areas outside the Greater Dublin Area with an increase of 9.6% year on year.
In a bid to make rent affordable in a number of areas, 19 new rent pressure zones were announced today.
These are designated areas where rents cannot be increased by more than 4% per annum.
The new areas
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