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

By seank

December 20, 2016 at 12:10am

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

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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