| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

Home 
 
 News
 Irish
 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 International
 Property
 Innovation
 
 Analysis/Comment
 
 Asia Economy


Finfacts changes from 2015

RSS FEED


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.

Welcome

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

Links

Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Global Cost of Living

Irish Tax - Income/Corporate

 

Feedback

 

Content Management by interactivetools.com.

News : Property Last Updated: Jan 7, 2015 - 10:29 AM


Residential property rents up almost 10% in Dublin in past year
By Finfacts Team
Dec 11, 2014 - 1:32 AM

Email this article
 Printer friendly page

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

Related Articles


© Copyright 2015 by Finfacts.ie

Top of Page

Property
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