Rent prices across Ireland continue to rise, with new data showing they were up an average of 9% to €1,415 per month at the end of last year for new tenants.
The startling figure was revealed in the Residential Tenancies Board’s (RTB) quarterly Rent Index report for the October to December period of 2021 (Q4 2021), which was published today.
The report is based on renters taking up new tenancies that are registered with the RTB.
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It found that new rents nationally increased by 9% in the last quarter of 2021, from €1,298 in the last quarter of 2020, to €1,415 for the same period last year.
However, rental costs varied greatly from county to county.
During Q4 2021, average rents in new tenancies in Dublin were substantially higher than those outside Dublin at €1,972 per month, compared to €1,104 per month.
While Dublin had the highest average rent for new tenancies at €1,972 per month, Leitrim had the lowest at €740.