'Limited' accommodation supply sees rents increase by 8.2%

The latest RTB rent index report showed average rents for new tenancies have risen to €1,464 per month.

The number of new tenancies registered in the second quarter of 2022 showed a fall of 16%, while the average rent is now 8.2% higher due to a “limited supply” of rental accommodation, according to the Residential Tenancies Board (RTB).

The latest rent index report from the RTB showed average rents for new tenancies increased by €9 compared to the first three months of this year, coming up to €1,464 per month, while the RTB recorded an increase of 8.2% when compared with the second quarter of 2021.