Dublin rent rates outpace those outside the capital

Rents in Dublin continue to outpace areas outside the capital, according to the Private Residential Tenancies Board (PRTB) third-quarter index.

New renters in Dublin saw the cost of accommodation increase by 6.4%, compared to the same period last year and up 2% on prices for April, May and June.

Elsewhere, there was a decline of 0.2% compared to the same quarter last year.

PRTB director Anne Marie Caulfield said the index was further evidence of a disparity in values.

“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... and in the rest of the country, where we see a more mixed picture.

“There was a slight fall (0.2%) year-on-year, but quarter-three 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.”


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