Last Thursday brought a sliver of good news on rents, when the latest report by property website Daft.ie showed that rents fell, only just, by 0.1pc across the country in the final quarter of 2019. While the report is based on a small sample of properties, it is compiled from rents asked by landlords and as a result, is much more up-to-date than most other measurements of the rental market.
Asking rents also provide a good insight into where residential landlords see the market going in the near future.
The final-quarter rent reduction picked up by the report also confirms anecdotal evidence of a softening in residential rents, particular at the top end of the market.
Meanwhile, the Residential Tenancies Board (RTB, the official body with which all tenancies must be registered) rental index shows that rents increased by 8.2pc nationwide during the 12 months to the end of September,
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