Dublin rental prices now €500-a-month higher than boom time

Rents across the country have risen for the ninth consecutive quarter, with the Dublin average now €500 above the boomtime figure according to Daft.ie.

The latest quarterly bulletin from the property website paints a national picture of rents increasing across every county in the past year, the largest jump being over 20% in Limerick city.
The average monthly rent for June 2018 is now €1,304, a 10% jump on the figure for the same month last year.
Daft says that figure is €274 per month higher than the peak figure in 2008 and over €560 higher than the low seen in late 2011.
In Dublin, the rise even more dramatic with rents up by 13.4% over the past year. Rents in the capital now average €1,936, almost €500 more than the peak a decade ago.
Other cities have also experienced large jumps over the past 12 months. Rents in Limerick city were 20.7% higher than a year ago, in Waterford the increase was 19.3%. and in Galway the rise was 15.9% in the same period.
In Cork, rents rose across the county by 10.5% and by 12.8% in the city.
Rents are also increasing outside but at a slower rate, with the report stating that average rents are up by 10.4% across the country.
The consistent rises mean that the average rent nationwide has risen by just over 75% since bottoming out in late 2011.
Average monthly rent in Irish cities
Dublin – €1,936
Cork – €1,266
Galway – €1,189
Limerick – €1,109
Waterford – €921
Housing charity Threshold has commented on the rental figures, saying that they offer evidence that the housing market is “broken”.
“Currently, the law provides that a tenant is to be informed of the previous rent but there is nothing to ensure this,” says Threshold’s John-Mark McCafferty.
“For this reason, Threshold is urgently calling for real and effective rent transparency measures to hold landlords to account and give potential and sitting tenants the details they need to make informed choices or to challenge an illegal rent setting at the Residential Tenancies Board.” Tags: Ирландия, Аренда, недвижимость, рост цен