RENTS IN COUNTY WEX­FORD RISE BY AN AV­ER­AGE OF €46 PER MONTH IN SIN­GLE YEAR

Wexford People - - EDUCATION & COURSES -

AV­ER­AGE rent for new ten­an­cies in Co Wex­ford dur­ing the third quar­ter of 2018 was €727 equat­ing to an in­crease of €46 com­pared to the same pe­riod the pre­vi­ous year ac­cord­ing to the Res­i­den­tial Ten­an­cies Board lat­est rent in­dex.

Ac­cord­ing to the in­dex the stan­dard­ised na­tional av­er­age rent be­tween July and Septem­ber this year was €1,122 - which was an in­crease of €78 over the same pe­riod last year.

How­ever, the stan­dard­ised av­er­age fig­ure for out­side of the greater Dublin area was €859.

While the rent for Wex­ford com­pares favourably to

both of those fig­ures in terms of it be­ing less than the na­tional av­er­age it still rose by €26 within the coun com­pared to what it was in the sec­ond quar­ter of 2018

The RTB rent in­dex is com­piled in con­junc­tion with the Eco­nomic and So­cial Re­search In­sti­tute (ESRI) and is widely re­garded as the au­thor­i­ta­tive guide on the Ir­ish rental mar­ket.

The rent in­crease na­tion­ally for ex­ist­ing ten­an­cies (5.4 per cent) was lower than the 8 per cent in­crease on new ten­an­cies and ac­cord­ing to the RTB this is in­dica­tive of rent pres­sure zones hav­ing a ‘brak­ing ef­fect’ on in­crease lev­els.

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