| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 Asia Economy


How to use our RSS feed

Follow Finfacts on Twitter

Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.


Finfacts is Ireland's leading business information site and you are in its business news section.


Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax - Income/Corporate

Global News

Bloomberg News

CNN Money

Cnet Tech News


Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News




Content Management by interactivetools.com.

News : Property Last Updated: Dec 13, 2013 - 5:17 AM

Irish House Rents: Average rent in Dublin in Q3 2013 was €1,041
By Finfacts Team
Dec 12, 2013 - 10:56 AM

Email this article
 Printer friendly page

Irish House Rents: The average monthly standardised rent in Dublin in Q3 this year was €1,041, compared to €978 a year ago, and €1,015 in Q2 this year. For houses, it was €1,157 compared to €1,095 a year ago, and €1,124 in Q2 this year, while for apartments, it was €1,042 in Q3, compared with €983 a year ago, and €1,022 in Q2 this year. Outside Dublin, the average standardised rent in Q3 this year was €620, compared to €622 a year ago, and €612 in Q2 this year. For houses, the figure was €622 in Q3, compared with €619 a year ago, and €608 in Q2 this year, while for apartments, the figure was €624, compared with €636 a year ago and €627 in Q2 this year.

Rents for private accommodation in the Dublin region continued to increase strongly in the third quarter (July-September) of this year, but outside the capital there was more modest growth. Looking at rents on an annual basis, Dublin rents grew by 6.4%, year on year (Q3 this year versus Q3 last year), but elsewhere rents actually showed a slight decline (0.2%) over the same period.

These findings come from the latest Quarterly Rent Index of the Private Residential Tenancies Board (PRTB), a State agency, which is compiled for it by the Economic and Social Research Institute (ESRI).

The PRTB said the rent Index is the most accurate and authoritative rent report of its kind on the private accommodation sector in Ireland. All landlords are legally obliged to register tenancies with the Board and the number of new transactions in Q3 alone (July – September 2013) was well over 46,000. Another key feature is that it reflects the actual rents being paid for rented properties, according to the PRTB’s records, as distinct from the asking or advertised rent, which is the basis of other rent reports.

The PRTB website www.prtb.ie contains an Average Rent Dataset which enables people to check the average rent being paid for five different categories of dwelling types throughout the country in both urban and rural areas. This enables people to check what is the actual rent being paid for, say, a semi-detached house or a two-bed apartment in their neighbourhood, and in other parts of the country.

For example, the average rent for a three-bed semi in Co. Dublin was €1,091; a one-bed apartment in Rathmines was €828.77, and a two-bed apartment in Blanchardstown was €924.02. Elsewhere in the country, a three-bed house in Glanmire, Co. Cork, averaged €833.80; it was €638.08 in Co. Limerick, and €725.57 in Co. Galway. (More sample average rents for around the country are contained in the table at the end of this statement).

Commenting on the findings, Anne Marie Caulfield, director of the PRTB, said: “The latest PRTB / ESRI Rent Index continues to reflect a story of a two-speed market: The Dublin region, where rents continue to grow strongly, both quarter on quarter and year on year. The year on year increase in rents in Dublin was 6.4%. In the rest of the country we see a more mixed picture. There was a slight fall (0.2%) year on year, but Quarter 3 of 2013 has seen a 1.4% rise over Quarter Two in rents for the rest of the country. This may indicate that the upward trend in Dublin is now also beginning in the rental market outside the capital, especially for houses”.

The agency says the Index is of assistance for a range of Government purposes, including housing policy generally and informing the Department of Social Protection’s Rent Supplement scheme. It is also an important reference document in landlord/tenant disputes on rent. It was developed in consultation and co-operation with landlord representative groups such as the Irish Property Owners Association, irishlandlord.com, the Institute of Professional Auctioneers and Valuers, the Society of Chartered Surveyors of Ireland, and tenant representative groups such as Threshold and USI (Union of Students in Ireland).

Check out our subscription service, Finfacts Premium , at a low annual charge of €25

Related Articles
Related Articles

© Copyright 2011 by Finfacts.com

Top of Page

Latest Headlines
Irish residential rents rise 9% as students face tight market conditions
Irish construction activity growth eased in July
Irish residential property prices fell in Dublin in June
Irish mortgage approvals growth fell sharply in April 2015
Irish land prices among highest in world; Noonan tax cut boosts Dublin prices
AIB cuts Irish variable mortgage rates
Dublin residential property prices rose by 1.1% in March
Global property bubble: Dublin tops 2014 global returns at 44.7%
New Irish housing units in 2015 forecast at only 10,000
Ireland: Dublin house prices up 21% in year to February 2015 after price decline in month
Prime office rents in Dublin to rise by up to 31% in 2015 after 29% surge in 2014
Irish mortgages paid in 2014 at 1976 level; Half of house sales paid in cash
Irish residential property prices fell 1.4% nationwide in January
Irish House Rents: Supply tightens in Dublin's commuter counties in Q 42014
Irish commercial property returns in 2014 among highest in world
Irish Housing: "Unique" demographics to boost demand; Shortages to rise
Irish mortgage approvals in 2014 at 36-year low; Exceed paid loans
Irish commercial property investment in 2014 was 25% above bubble peak in 2006
Irish construction continues to rise from very low base
Irish house asking prices fell back slightly in fourth quarter of 2014
Price/Earnings multiple for Dublin houses is double 1993 level
Residential property rents up almost 10% in Dublin in past year
Irish Government and vested interests lobby for easing of Central Bank's mortgage rules
Ireland tops global property price rankings six years after bust
Number of Irish mortgages paid in 2014 at 1974/75 level - a 40 year-low
Irish construction PMI survey confidence measure highest since 2000
Irish mortgage arrears decline; 38,463 BTL accounts in arrears
Irish Housing: Renting provides less security than ownership, unpredictable rents
Ireland: NAMA to redeem €1bn of senior bonds; Fund Boland’s Mill site development
Ireland: 35,000 social housing units by 2020 achievable; Rental market possibly not
Dublin house prices up 24.1% in year to October 2014
Irish home ownership to fall due to affordability
'Tara Collection' of office buildings on sale in Dublin for €263.8m
Irish Housing Rents 2014: Dublin just 10% short of 2007 bubble peak
Irish Economy: Residential mortgage approvals in 2014 as low as in 1977
Irish Construction: Fastest rise in new business for decade - not level of activity
Biggest US individual landowner responds to tax breaks in Ireland and UK
Irish commercial property annual return to September 2014 at 36.6% - income at global high
NAMA expects surplus of less than €500m - it's not a profit; 88.5% sales to US investors
NAMA selling 588 Dublin apartments - name withheld in announcement