Asking Prices For Dublin Houses Have Fallen For The First Time
The cost of renting a property in the capital city has dropped at the beginning of the year for the first time since the end of 2013, however, the average costs across the country continue to climb.
The rate of growth for the entire sector of private rental in Dublin decreased to 0.6 percent during the 3rd quarter of this year, compared to an average increase of over 2 percent.
The latest data of the Residential Tenancies Board (RTB) revealed that the rental cost for a house in Dublin decreased by 0.6 percent, which is the first drop since the beginning of 2013. Meanwhile, apartment prices rose 1.6 percent.
The RTB figures are based on 30260 new tenancies that began during the 3rd quarter of the year.
The average Rental Price In Dublin across the nation was 8.6 percent higher than the same time in the year before, increasing by EUR897 and EUR973.
The national average for rents for homes was 7.4 percent higher than they were one year ago and jumped between EUR900 to EUR967 in the same quarter, and rents for apartments increased by 9.9 percent when compared to a similar quarter in 2015, increasing to EUR925 and EUR 1,017.
Dublin Costs:
The cost of renting private rental properties in Dublin increased by 7.1 percent over the 12 months preceding it currently at 1,375 euros per month, up from EUR1,285 previously.
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RTB Director Rosalind Carroll stated that the market for rental seemed to be "still volatile" and it is a good idea not to make too much of the quarterly numbers, though they seemed to indicate that the increase in private rents was decreasing. Check Out For More Detail the42.ie
But taking the third-quarter data, based as it is on actual rents being paid, as opposed to asking rents, it does appear that the rate of growth has slowed, and in particular that the rate of rental growth in Dublin appears to have slowed," she said.
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