Cost of renting falls slightly in last three months of 2018

Posted in News on 8th May 2019

The cost of renting a home in Ireland fell marginally in the last three months of 2018 but average monthly rents were still more than €70 higher when compared with the same quarter of the previous year, according to the latest figures from the Residential Tenancies Board (RTB).

Its latest Rent Index covering the three months from October to December suggests that the national average monthly rent was €1,134, a €73 increase on same period in 2017.

However, the figures show that average rents across the country fell slightly between the third and fourth quarter of last year.

In the three months between July and September 2018 rents climbed by 2.3 per cent however they fell 0.3 per cent in the final three months of the year, the first quarter of decline since early 2017.