Private sector rents up 5.8% in Ireland

Rents in the private sector rose by 5.8% nationwide in 2014, with rent for houses up 4.8% and apartment rents up 6.4%, as with the last three months of 2013.

Annual growth in the Dublin market was stronger, up 9.6% (€104), with Dublin house rents up 7%; up from €1,216 to €1,301, a rise of €85, and Dublin apartment rents higher by 10.9%; up from €1,051 to €1,166, a rise of €115.

In contrast, annual growth in rents for the market outside Dublin was more subdued, recording growth of 3.9% (€24) when compared to Q4 2013.