‘Bold, swift measures’ urged as average rent hits €1,060

The average rent in Ireland now stands at €1,060 a month, according to data drawn from all new tenancy agreements registered with the Residential Tenancies Board.

The Residential Tenancies Board Rent Index further revealed that there were annual rent rises in Dublin city (8.8%), Cork city (3.4%), Galway (5.8%), Limerick, (10%), and Waterford (6%).

It said that the standardised national average rent for new tenancies was €1,060, up from €990 one year earlier.