Close

Follow Lovin Dublin

Rent In Dublin Has Fallen For The First Time In Years

By katedemolder

June 15, 2017 at 8:57am

Share:

In a truly shocking turn of events, a report has found that rent prices have actually decreased in Dublin in comparison to last quarter. 

This, however, wasn't the same in other counties - as the latest Residential Tenancies Board Rent Index shows that rents nationally rose by 7.37% from Q1 2016 to Q1 2017.

In stark contrast to this, rents in the capital actually fell by 1.5%, driven by a decline in the cost of renting apartments, according to the Journal

At present, the average cost of renting in Ireland across all properties is now €987, up from €986.21 at the end of 2016.

Prices are still on the rise, but they are growing at a much slower pace than before. In comparison to rents rising by 2.8% two quarters ago, rents only rose by 0.1% last quarter.

Despite the decline, Dublin rents are still by far the highest in the country – now at 8% above their previous peak in 2007.

READ NEXT: Arcade Fire Played Whelan's Last Night And It Was Incredible

Share:

Join the Lovin Dublin Newsletter

* indicates required

Interests

Marketing Permissions

Please select all the ways you would like to hear from Lovin Media Group:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here.