Private Sector Rents Increase By 8.6% - PRTB

Monthly private sector rents in Ireland increased by 8.6% at the end of September compared with the same period in 2014, it has been announced.

Data from the Private Residential Tenancies Board (PRTB) revealed on a national scale, rents for houses were 7.7% higher, while apartment rents were 9% higher than the third quarter of 2014.

The average rent for apartments was €945 (compared to €866 a year earlier), and for a house it was €873 (€810 a year earlier).

In Dublin, the rent for a house was €1,288, while rent for an apartment cost €1,169.

However, as prices continue to rise, the Simon Community has warned rents will continue to force more people into homelessness.

National spokesperson for Simon, Niamh Randall, said: "This is a national emergency, people are being priced out of the private rental sector, which not only puts them at risk of homelessness but also prevents people from moving out of homelessness.

"Growing numbers of people are stuck in emergency accommodation trying to go about daily living; sleeping, eating, playing, doing homework all in the one tiny space.

"The trauma of this and the stress for those sharing dormitory style accommodation can have a long lasting impact. This is not a solution to homelessness."


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