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Average rent for Clare dwellings down

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The average rent for all dwellings let in County Clare in the third quarter of this year, and which were registered with the Private Residential Tenancies Board (PRTB), was €512. That was slightly down (€3), when compared to the prevailing average rent in the third quarter of last year, when the amount was €515.

These findings are drawn from the PRTB’s Average Rent Dataset, part of a comprehensive rent index, which is compiled for the board by the Economic and Social Research Institute (ESRI). The average rent cited is based on rents registered with the PRTB for all dwelling types (houses and apartments; one, two or more rooms).

However, if people are interested in seeing the rent that applies to different dwelling types (number of bedrooms) and for different locations, they can check this out at www.prtb.ie (click “rent index”) and go to the Average Rents in my Area (Dataset).

On an annual basis, nationally, rents were 5.6% higher than in Q3, 2013. Nationally, rents for houses were 4.3% higher, while apartment rents were 7.3% higher than in the same quarter of 2013.

The PRTB/ESRI Rent Index is the most accurate and authoritative rent report of its kind on the private accommodation sector in Ireland because it reflects the actual rents being paid, according to the PRTB’s records, as distinct from the asking or advertised rent, which is the basis of other rent reports.

All landlords are legally obliged to register tenancies with the board and the number of new registrations with the PRTB in Quarter 3, 2014 was 33,438. The overall number of tenancies registered with the PRTB at the end of Quarter 3, 2014 was 300,543.

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