Renters In New Tenancies Paying More Than Existing Ones
Rents for both new and existing tenants went up between April and June of this year.
New renters are paying 18 per cent more each month than existing tenants.
New data from the ESRI and the residential tenancies board shows rents increased by their highest annual rate between April and July of this year.
The average rent for a new tenant in Ireland is now 1 thousand 574 euro with an existing renter paying 1 thousand 332 euro.
The latest report from the Residential Tenancies Board (RTB), shows average rents for new tenancies rose by 11.6%, year-on-year in the second three months of the year.
For the first time, the RTB has released data on existing tenancies which also went up by 5.3%.