Renting In Dublin Now Costs More Than The 2007 Height Of The Boom

The figures have just been released by the Private Residential Tenancies Board

Bills Stress

The Private Residential Tenancies Board (PRTB) has just released figures revealing that the price of rent in Dublin is now 0.4% higher than it was at the height of Ireland's economic boom in 2007. 

Taking information from 27,000 new tenancies from the end of last year, the stats say that rents in Dublin have increased by €105 per month or €1,260 over a year.

Rented accommodation outside of Dublin is roughly 14.5% lower than the capital's peak prices.

The figures also showed, however, that the rate of growth in renting costs in Dublin slowed in the final quarter of last year. 

Rent hit a bottom in 2012, when the economic bust caused rent to drop nationwide by 25%.

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Seán Kenehan

Seán is known for eating, drinking and writing, making him uniquely qualified to work for Lovin Dublin. Seán enjoys skipping stones wistfully, puns that'd make a dad blush, and referring to himself in the third person.

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