Residential property rents are up almost 10% in Dublin in past year but the trend is lower in the rest of the country
The Private Residential Tenancy Board data show that nationally, private rents are up 5.6% - the number drops to 3.8% when Dublin is excluded.
In the third quarter ending September 30, the cost of renting a house in Dublin rose 3.1% while the cost of apartment rent rose 2% giving an overall rise of 2.3%.
Ex- Dublin, rents for houses rose 3% and apartment rents gained 1.8%.
Nationally the average cost of renting is now €835 – up from €790 a year ago. Rents for houses are 4.3% higher, up from €786 to €819, while apartment rents are up 7.3% and the average is now at €864 compared with €805 a year ago.
PRTB's Quarterly Rent Index is compiled by the Economic and Social Research Institute (ESRI).
Anne Marie Caulfield, director of the Private Residential Tenancies Board, said rent levels now are much lower than during the economic boom.
"In the past year, there's been a rent increase in Dublin of 9.5% … at the moment, in relation to prices they would have commanded at the boom time in Dublin, we're still quite a bit behind," she said.
Rent Index (a link to the Dec 2014 report is broken)
Rents are 9.4% below the 2007 peak in Dublin and 17% nationally.
Number of Irish mortgages paid in 2014 at 1974/75 level - a 40 year-low
Irish mortgage arrears decline; 38,463 BTL accounts in arrears
Irish Housing: Renting provides less security than ownership, unpredictable rents
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
Irish Housing Rents 2014: Dublin just 10% short of 2007 bubble peak
Irish construction PMI survey confidence measure highest since 2000
Irish Economy: Residential mortgage approvals in 2014 as low as in 1977
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
Dysfunctional development land systems in UK and Ireland - Part 1
Dysfunctional development land systems in UK and Ireland - Part 2
Dublin prime office rents set to return to most expensive in Europe ranks
Rising rents pushing startups out of tech hubs
Irish commercial property sales set to top 2006 bubble peak