Image courtesy of Pixabay.
With soaring rents in recent years in the capital, it appears good news is at last on the horizon. The Residential Tenancies Board (RTB) has published a report ‘Exploring the Impact of the COVID-19 Pandemic on Rental Prices in Ireland from January to June 2020: Early Insights from a Monthly Rent Index’, carried out by the Econnomic and Social Research Institute (ESRI), that examines the short-term impact of the COVID-19 pandemic on private rental prices in Ireland.
The findings show that the annual growth rate of rent amounts declined significantly compared to the period prior to the lockdown. While the annual growth rate in March was over 3%, by April this had fallen to 0.4%, and it declined again in May to 0.1%. By June, the annual growth rate had turned negative with prices falling by 3.3% compared to the same month the
Continue reading this atricle at http://www.newsfour.ie/2020/09/good-news-at-last-for-renters/