Thursday 28th March 2019
According to the latest Rent Index from the Residential Tenancies Board (RTB), in the October-December period (Q4) of 2018, the standardised national average rent was €1,134 per month, up from €1,061 one year earlier (€73 increase).
Conversely, on a quarter-on-quarter basis, rental price inflation dropped from 2.3% in Q3 2018, down to – 0.3% in Q4 2018. This marks the first quarter since Q1 2017 that the standardised average rent has fallen relative to the previous quarter.
Based on the rental data of the latest Rent Index, two additional LEAs meet the designation
criteria for rent pressure zones; Navan in County Meath and Limerick City East. The RTB
have confirmed to the Minster that these two LEAs meet the RPZ criteria. Followingdesignation as an RPZ, rent increases in these areas are limited to a maximum rent increase of 4% per annum
More reading …