Kildare One Of The Areas With The Lowest Increase In Rent For Existing Tenancies

Thursday, 12 September 2024 14:33

By Hannah Kelly

The findings have been revealed in data published by the Residential Tenancies Board in partnership with the ESRI, which show an 8.1% increase in rent for new tenancies and 5.9% for existing tenancies

The average rent for new tenancies grew 8.1% per cent nationally between Q1 2023 and Q1 2024.

Meanwhile, the average rent for existing tenancies has increased by 5.9% in the first quarter of this year.

The Greater Dublin Area of Kildare, Meath and Wicklow had the lowest increase in average rent increases for existing tenancies, up 4.1% from the first quarter of 2023.

This is in comparison to a 5.2% increase in Dublin, and a 6.3% increase outside the Greater Dublin Area.

The findings have been revealed in data published by the Residential Tenancies Board (RTB) in partnership with the ESRI.

New tenancy rents are rising more slowly in Dublin than outside of the capital, as new agreements saw rents increase by 6.3% compared to over 12.2% elsewhere.

Two more areas now qualify for Rent Pressure Zone status (RPZ), according to the report - those are the Carrigaline Local Electoral Area in Cork and Galway County.

Both areas have recorded four consecutive quarters of new tenancy rent inflation above 7%, meaning they now meet the criteria to be designated as an RPZ.

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