Slow Down in Rent IncreasesPosted June 14th, 2018
I welcomed the Residential Tenancies Board’s Rent Index Report for Q1 2018, produced in conjunction with the Economic and Social Research Institute and is based on the actual rents being paid in over 19,879 tenancies registered with the RTB during the quarter.
What we are seeing here is a clear slow-down in the rate of rent inflation – with the slowest national growth rate in a year at just 0.4% rent inflation.
Particularly in Dublin, where rental pressures are most severe, we’ve seen a significant slowing down in rent increases. Rents only increased by 1% in Dublin in the first quarter of the year – the increase in the last quarter of last year was similar at 1.1%. Perhaps more significantly, we saw a drop in average rents (-0.8%) in counties surrounding Dublin: in Kildare, Meath and Wicklow in the first three months of the year.
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