FIVE MORE AREAS of the country have now met the criteria to become Rent Pressure Zones (RPZs).
It must be noted, however, that there is currently a nationwide rent freeze and ban on evictions as a result of the Covid-19 crisis.
The news of the new RPZs comes as the latest rent index report from the Residential Tenancies Board (RTB) is released, which finds that the standardised national average rent is over €1,200 per month.
From October to December 2019 (Q4), the standardised national average rent was €1,226 per month, according to the RTB. That’s up by 6.4% from the same period one year earlier.
The report is compiled in conjunction with the Economic and Social Research Institute (ESRI) and is based on 17,269 tenancies registered with the RTB in the same quarter.
New rent pressure zone
Based on the rental data from the latest report,
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