Rents not hiked ahead of regulation

An analysis of home rents in November suggest landlords did not race to increase rates ahead of the imposition of new regulations on rent certainty measures.

Ronan Lyons, assistant professor in the Department of Economics at Trinity College Dublin, said an analysis of 2,500 sample rental properties showed while rents in the capital did increase, on average, by 1.3%, it was not statistically significant.

Rents outside Dublin meanwhile, rose 0.1% based on the same property sample. There had been fears that some landlords would seek to push up rents as quickly as possible once the Government had signalled its intention to increase an element of rent certainty into the market.