Rents nationally grew by 2.7 per cent in 2020 despite pandemic – The Irish Times

The cost of renting a home in Ireland rose by 2.7 per cent in 2020 to €1,256 per month, according to the Residential Tenancies Board (RTB).

This was a significantly slower rate of growth than the 6.4 per cent recorded in 2019.

The RTB’s latest rent index covering the months between October to December shows the average rent in Dublin, the costliest area, now stands at €1,745 per month, a 2.1 per cent increase year-on-year.

This was down 0.8 per cent quarter on quarter, however, suggesting rents in the capital may now be falling.

The counties with the lowest monthly rents were Donegal and Leitrim at €626 a month.

“The impact of Covid-19 on the rental sector continued into the fourth quarter of 2020,” Padraig McGoldrick, interim director of the RTB said.

“ The national standardised average rent remained static in the quarter and, overall, in the year

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