Covid-19 impact leads to falling rents

The annual growth rate of rents nationally at 1.8% is at the lowest rate since 2012.

The Covid-19 pandemic has had a significant impact on rents, with the latest Residential Tenancies Board (RTB) rent index showing they are falling in Dublin and falling or remaining static elsewhere.

The index for the second quarter of this year shows that rent levels in Dublin registered 0.0% growth on an annualised basis — the lowest annualised growth rate seen in Dublin since 2011.