Dublin rents rise four times country rate

Dublin rents have surged on average 10.5% over the 12 months to the end of June whereas increases in the rest of the country have been much more subdued at 2.6% over the same period, although overall rents are well below their 2007 peak.

According to the latest Quarterly Rent Index of the Private Residential Tenancies Board (PRTB) the average monthly rent for houses in the country over the second quarter was €793, while for apartments it was €858. In Dublin the rent for a house was €1,275, and for an apartment it was €1,134, while outside Dublin, the house rent was €648, and for an apartment it was €640.

“The private rented sector is a very important aspect of Ireland’s housing policy, and has doubled in size between 2006 and 2011. It is also serving an important role in terms of social housing, with approximately 77,000 Rent Supplement tenants and 36,000 Rental Accommodation Scheme tenants now living in the private rented sector,” said director of the PRTB, Anne Marie Caulfield.