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THE PRICE OF renting a house in the capital has fallen for the first time since 2013 but average prices in the private market continue to rise.
The rate of growth in the private rental sector in Dublin slowed to 0.6% with the average price rising nationwide by over 2%.
The data from the the Residential Tenancies Board (RTB) found that average Dublin prices rose by 0.6%. However, the cost of renting a house dropped by 0.6%, with apartment prices jumping 1.6%. These figures led to an overall marginal increase in rent in the capital.
The RTB data is based on 30,260 new tenancies which commenced in the third quarter of this year.
The average national rental prices were 8.6% higher than in the same period last year, up from €897 to €973.
Nationally, rents for houses were 7.4% higher annually in the third quarter of this year up from €900 to €967, while apartment rents were up 9.9% compared to the same quarter of 2015 up from €925 to €1,017.
Dublin prices
The average rental price of a house in Dublin went up 7.1% in the same period, now standing at €1,375 monthly, up from €1,285.
The Peter McVerry Trust called on Minister Simon Coveney to urgently bring forward legislation to introduce rent regulation.
Pat Doyle, CEO at Peter McVerry Trust said:
Rents have risen rapidly over the past number of years and there has been a clear and consistent link between rising rents and new cases of homelessness. The figures released by the RTB today which show Dublin rents are up 7.1% in the past year, are consistent with recent figures from the CSO and Daft.ie which show record rent increases.
Director of the RTB, Rosalind Carroll, added: “While the rate of growth in private sector rents appears to be moderating, it is prudent not to read too much into the results for any single quarter. The market is still volatile and therefore it is difficult to identify patterns.”
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Oh deer
@Madra: that’s probably his/her reaction to what appears to be a large election poster
Probably won’t pay for a ticket either … to deer .
Eff you deputy Stag, eff you
@Charles McDuck: a classic
@Charles McDuck: are u thinking of the deer in the Phoenix Park?
These wild stag do’s are always causing trouble on the dart.
Where does the buck stop?
When he held up services, was he wearing a mask?
“They sika him here. They sika him there…”
They’re trying to get a DART to Howth to visit Deerpark.
@Deborah Blacoe: making a break for it after the last cull
It’s deer enuff as is !!
Even Doe it could be a deer problem
You take the North Bound DART to Connolly and switch to the Red Line Luas back to the Phoenix Park………
Ban stag parties
Have they a vegetarian option in first class if one doesn’t partake of venison?
Bloody stag parties
@Del Teeling: you’re very anti stag parties, what happened? Was your future husband tied up naked to a cactus in Vegas
Probably House Baratheon‘s fault
Doh!
Deery me
All this fawn-ing over the DART delays…..
Train delays “O Deer”
For a Sika to end up on the DART line he must be blind! Clearly has no-eye deer where he is.
Oh deer oh deer
Rail fares are too deer ? and they made a hash of that one
In fairness its more catchy than murder on the dance floor
Where the feck did they come from in this part of town
@Ronan Mac Sweeney:
Followed the feeder bus from Enniskerry?
I’ll get my coat.
have your say