# Housing Average lease for brand-new occupancies in Ireland increased by practically 9% year-on-year The Residential Tenancies Board has actually today released the Q1 2023 Rent Index report. AVERAGE RENT FOR brand-new occupancies in Ireland have actually increased by nearly 9% considering that in 2015, brand-new figures reveal. The Residential Tenancies Board (RTB) has actually today released the Q1 2023 Rent Index report. The function of the lease index is to determine rental rate advancements dealt with by those using up brand-new occupancies in the personal rental sector. It’s crucial to keep in mind that it’s not developed to supply a step of the leas being paid by existing renters. Nationally, the standardised typical lease in recently signed up occupancies was EUR1,544 each month in the very first quarter of the year. This is a year-on-year boost of 8.9%. In Q1 2023, the standardised typical lease in brand-new occupancies in homes nationally stood at EUR1,522 each month, a 9.2% year-on-year boost. The standardised typical lease in brand-new occupancies for homes stood at EUR1,586 monthly, a boost of 8.8% year-on-year. In the very first quarter of 2023, the level of standardised typical leas in brand-new occupancies in Dublin stood at EUR2,102 monthly compared to EUR1,187 each month outside Dublin. Standardised typical lease in brand-new occupancies in Cork City stood at EUR1,490 each month in Q1 2023, EUR381 monthly greater than for Cork County at EUR1,109. The greatest standardised typical lease in brand-new occupancies for Q1 2023 remained in Dublin at EUR2,102 each month, while the most affordable regular monthly leas remained in Leitrim where the standardised typical stood at EUR809 monthly. Sixteen counties had actually standardised typical leas in brand-new occupancies above EUR1,000 monthly in the very first quarter of the year. These were: Carlow, Clare, Cork, Dublin, Galway, Kerry, Kildare, Kilkenny, Laois, Limerick, Louth, Meath, Waterford, Westmeath, Wexford and Wicklow. The term ‘brand-new occupancies’ consists of brand-new occupancies in existing rental homes, brand-new occupancies in brand-new rental stock never ever let prior to, and brand-new occupancies in homes that have actually not been allowed the instant 2 years prior to the occupancy.
Typical lease for brand-new occupancies in Ireland increased by practically 9% year-on-year
