A graphic showing the average rent by county. Source: Residential Tenancies Board
THE AVERAGE RENT of a home in Ireland is now €1,243, according to the latest quarterly index from the Residential Tenancies Board.
That’s an 8.2% increase in the average cost of rent compared to the same time last year. This is also the highest year-on-year rise in the average cost of rent since the second quarter of 2016.
In Dublin, the average rent is €1,762 which is a 6.6% increase. The RTB said that “affordability still remains an issue” in the capital.
Last week, the Dáil passed a bill put forward by Sinn Féin’s housing spokesperson Eoin Ó Broin to freeze rents. He told the Dáil that legislation was needed as it was clear “rents are completely out of control”.
Ó Broin also said that the current system of Rent Pressure Zones (RPZs) is “not working”.
Continue reading this atricle at https://www.thejournal.ie/rent-average-rent-4937849-Dec2019/