Rise in cost of renting slows as impact of Covid-19 begins to hit

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Year-on-year growth rate nationwide at lowest level since 2012, RTB figures show

Compared to the previous quarter, rents outside Dublin increased by 0.3 per cent, while they fell by 1.5 per cent in Dublin.

Spread out over a year Dublin has experienced no growth, while rents outside Dublin climbed by 3.4 per cent.The RTB’s Rent Index is compiled with the Economic and Social Research Institute and is based on actual rents paid on almost 17,000 tenancies registered with the RTB in the quarter. It includes homes new to the rental sector, new tenancies in existing housing stock and renewals of existing tenancies.

“It is clear that the Covid-19 pandemic has significantly impacted the rental sector,” said the Interim director of the RTB Padraig McGoldrick. Annual growth has eased in most counties and the average rent in 13 counties was lower in at the end of June compared to the end of March. There was also a sizeable fall in the number of tenancies registered with the RTB and out of the 26 counties, 21 experienced a decline in the number of tenancies registered over the spring and early summer.

 

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I'm sure FG will come up with some sort of strategy to keep them growing, just likely they have been for the past decade.

Hope the penny drops people! The biggest hoax in history is coming to an end and now the real pandemic begins! This is the hunger games ! The NWO have decided to cull the worlds population!

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