This Is How Much The Average Monthly Rent Costs In Ireland

Yikes - the latest figures are in for just how much the average months rent sets us back in Ireland and it's just as high as we've expected.

Like, €986 per month kind of high, which is just 2.7% less than rental prices at the peak of the boom in 2007. Rents in Dublin are now actually 8.3% higher than they were ten years ago.

The report was released by Residential Tenancies Board (RTB) and shows stats for the last quarter of 2016.

Not only have rents been rising since 2015, demand for apartments in Dublin increased by 11.1% in the last quarter alone.

Outside Dublin, the pace of growth in rents for houses slowed by 0.3% in the quarter, while the pace of growth in apartments quickened. 

Two new areas, Cobh and Maynooth, have been designated as Rent Pressure Zones (RPZs), meaning rents in the area increased by 7% or more in four of the previous six quarters and where the average rent is above the average standardised national rent.

Guess we're sticking to house shares for the time being so...

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