Some bad news for Dublin as the average rent has continued to rise in the capital.
Rents were up 2.1% year-on-year as the standardised average rent stood at €1,745 per month in Q4 2020.
The highest rent recorded was for four-bed+ houses in Dublin for which the standardised average rent was €2,320, new figures from RTB's quarterly Rent Index for the October to December period (Q4) of 2020 revealed.
Meanwhile, the lowest rent for houses across the regions was for a one-bed house outside the Greater Dublin Area (GDA) for which the standardised average rent was €722 per month.
The lowest rent for apartments across the regions was for a one-bed apartment outside the GDA for which the standardised average rent was €751 per month in Q4 2020, while the highest rent across the regions was for a three-bed+ apartment in Dublin for which the standardised average rent was €2,219.
The average rents were down 0.8% quarter-on-quarter when compared to the rent level in Q3 2020.
At the Local Electoral Area (LEA) level, the LEA with the highest standardised average rent was Stillorgan, County Dublin (€2,385 per month) and the lowest was Carndonagh, County Donegal (€521 per month).
Padraig McGoldrick, Interim Director of the RTB, said: “The impact of Covid-19 on the rental sector continued into the fourth quarter of 2020. The national standardised average rent remained static in the quarter and, overall, in the year there had been a significant trend of moderation in rental inflation relative to previous years.
"While there has been a definite trend in moderation in rent levels, it is clear affordability issues and related risks remain. We understand that Covid-19 presents many challenges and adjustments for those operating and living in the rental sector.
"We continue to encourage those who are experiencing issues in their tenancies to keep lines of communication open and if they still cannot resolve their dispute to contact the RTB for support and information on how to resolve these matters."
