Tuesday 24 October 2017

Rents rise by 9pc in a year despite new measures

(Stock image)
(Stock image)
Independent.ie Newsdesk

Independent.ie Newsdesk

Rents are continuing to rise despite Government measures introduced in a bid to slow down the increases.

Rents rose nationwide by an average of 9pc during 2015, according to the latest quarterly rental report by Daft.ie.

This is slightly slower than the rent rises recorded in 2014 and in 2013. The highest rates of inflation are in the cities outside Dublin.

National average rents between October and December were €979, compared with €898 a year ago.

It was the 14th quarter in a row of rent rises, according to the report compiled by economist Ronan Lyons.

Dr Lyons suggested the measures introduced in November by the Government may be making the situation worse.

The average rent in Dublin is now €1,435.

Irish Independent

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