Rents fall for first time in 8 years, Daft.ie national survey finds – The Irish Times

Headline national rents have fallen for the first time since the middle of 2012, according to a new report released on Tuesday by property website Daft.ie.

According to the research, rents in December reduced incrementally, by just 0.1 per cent, compared to the previous three months. The decrease was driven by falling rents outside the five main cities.

Inside the main urban centres, rents continued to rise by 0.7 per cent across the three months, although they increased by a lower rate in Dublin than the city average for the rest of the State. Rents in the capital increased by 0.4 per cent.

Rate of increase

However, even as rents continue to climb in urban centres, the rate of increase in 2019 when compared to the previous year has “moderated significantly,” according to Daft.ie and Trinity College Dublin economist Ronan Lyons. “Inflation is still positive, but at 4.1 per cent

Continue reading this atricle at https://www.irishtimes.com/news/ireland/irish-news/rents-fall-for-first-time-in-8-years-daft-ie-national-survey-finds-1.4161541