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

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.