New tenants paying hundreds more than existing tenants in monthly rent, index shows

The Residential Tenancies Board also noted that the number of new tenancy registrations fell significantly in the fourth quarter of 2023 compared to the same period in 2022.

New tenants are paying significantly more than existing tenants to rent a home in Ireland, with those in Cork paying almost €250 extra a month.

The latest rent index from the Residential Tenancies Board (RTB) for the last quarter of 2023 shows that the price of new tenancies in Ireland grew by 9.1% last year while existing tenancies grew by 5.9%.