RTB warns of ‘significant concern’ as average rents for new tenancies up 5.5%

Corporate landlords now hold 14% of market as rent hikes top 10% in multiple counties. Picture: Denis Minihane.

New rents have risen sharply in eight counties, with average new rentals nationwide now €244 higher per month than existing tenancies, according to the latest figures from Ireland’s rental regulator.

Meanwhile, corporate landlords — those with over 100 tenancies each — now control just under 14% of all rentals in Ireland, as the market shrinks slightly for smaller landlords.