Home rents across Ireland have been increased by 8.3% within a year, the newest index rate by Residential Tenancies Board (RTB) has said. It is the highest national increase since the last quarter of 2017, the report says.
The index report evaluates the trends in the sector for the third quarter of the yea (July to September).
The current national standardised rent stands at €1,397, a €44 increase compared to the previous quarter. In the whole country, Dublin has the highest standardised rent- €1,916 per month. The lowest rent is in Leitrim which is €731 per month.
For the first time ever, Carlow and Waterford have crossed €1,000 mark in terms of rent per month.
In total there are 12 counties in Ireland where per month rents are €1,000 or higher. They are Carlow, Cork, Dublin, Galway, Kildare, Kilkenny, Laois, Limerick, Louth, Meath, Waterford, and Wicklow.
The ongoing pandemic has caused heavy uncertainty in the sector and the number of people registered as tenants has significantly deceased. According to RTB, there were 15,042 people registered tenants in the third quarter of 2021. But it was 23,026 for the same period in 2020.