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Sep 27, 2018

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Q2 2018 RTB Rent Index

Sep 27, 2018

According to the RTB’s latest Rent index, nationally the annual growth rate for rents in Q2 2018 was 7.6%, up from 6.9% in the previous quarter.

Click Here to view the full report and summary infographic.

• The national standardised average rent was €1,094, an increase of €77 year-on-year.

• New analysis in the rent index shows that annual rent inflation in existing tenancies grew by just over half the rate (4.9%) of new tenancies (8.4%).

• The Report based on over 18,700 new and renewed tenancies in Q2 2018 showed that in Dublin the standardised average rent was €1,587, while in the Greater Dublin Area (Wicklow, Kildare, Meath) this stood at €1,118, and outside the GDA this was €817.

• On a quarter-on-quarter basis, the rental price inflation increased in Q2 2018 to 3.4% up from 2.7% one year earlier.

• National growth rates are being influenced by the Dublin and the Greater Dublin Area which account for just under half of all tenancy agreements

 

Thursday, 27th September 2018: According to the Residential Tenancies Board (RTB), in the April – June period of 2018 (Q2), the standardised national average rent was €1,094 per month, up from €1,017 one year earlier.

Nationally, rents grew at 7.6% annually in Q2 2018, particularly in and around urban centres, which represents an increase from 6.9% in Q1 2018. On a quarter-on-quarter basis, the rental price inflation increased in Q2 2018 to 3.4% up from 2.7% one year earlier. This follows a period of more moderate growth on a quarterly basis.

The data is reported in the RTB’s Quarter 2 2018 Rent Index report published today. The report is produced in conjunction with the Economic and Social Research Institute (ESRI) and is based on 18,716 new tenancies registered with the RTB in the same quarter.

The report contains new data, for the first time, on rental trends in existing and new tenancies along with analysis on trends in the composition of the market. The data on existing tenancies shows the year on year growth at 4.9% compared to 8.4% in new tenancies. New market insights show the share of tenancies across the country with Dublin and the Greater Dublin Area accounting for over half of all tenancy agreements. 

 

The new analyses also show that in terms of the number of occupants, one or two occupants were in the majority of properties. Since Q4 of 2017, a slight decline in the shares of properties occupied by three or more people can be observed.

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