The average rent in Louth is now €735.
The price of renting in Co Louth is continuing to climb.
The average rent for all dwellings in the private rented sector in Co. Louth in Quarter 2, 2016, and which were registered with the Residential Tenancies Board (RTB) was €735.
This was up €17 when compared to the average rent in Q1, 2016, when the amount was €718, and was up €72 when compared to a year earlier, in Q2, 2015.
This data comes from the RTB’s Quarterly Rent Index which is compiled by the Economic and Social Research Institute (ESRI) on behalf of the RTB. It is the most accurate and authoritative rent report of its kind on the private accommodation sector in Ireland. This is because it is based on 22,103 new tenancies which commenced in April, May and June this year, and which were registered with the RTB. It reflects the actual rents being paid, according to the RTB’s records, as distinct from the asking or advertised rent.
On an annual basis, nationally, rents were 9.9% higher than in Q2, 2015; up from €869 to €956. Nationally, rents for houses were 9.3% higher annually in Q2 (up from €850 to €929), while apartment rents were 11.7% higher than in the same quarter of 2015 (up from €908 to €1,014.
Annual growth in the Dublin market was also strong, up by 9% (from €1,251 to €1,364). Dublin house rents were up by 7.5% (€1,388 to €1,492) and Dublin apartment rents were higher by 9.8% (€1,246 to €1,368). Annual growth in rents for the market outside Dublin recorded increases of 10.6% when compared to Q2, 2015; up from €669 to €740. Again the performance differed by property type. Monthly rent for houses outside Dublin increased by 9.9% (from €688 to €756), while apartments outside Dublin experienced an increase of 12.7% (€647 up to €729).