Average rent for dwellings in Offaly is €522

The average rent for all dwellings let in County Offaly in the second quarter of this year, and which were registered with the Private Residential Tenancies Board (PRTB), was €522.

The average rent for all dwellings let in County Offaly in the second quarter of this year, and which were registered with the Private Residential Tenancies Board (PRTB), was €522.

That was down €2 when compared to the prevailing average rent in the second quarter of last year, when the amount was €524.

These findings are drawn from the PRTB’s Average Rent Dataset, which is part of a comprehensive Rent Index which is compiled for the board by the Economic and Social Research Institute (ESRI). It is important to bear in mind that the average rent cited above 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 5.2% higher than in Q2, 2013. Nationally, rents for houses were 3.7% higher, while apartment rents were 6.9% 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.

Commenting on the Rent Index findings, the Director of the PRTB, Ms. Anne Marie Caulfield, said: “The private rented sector is a very important aspect of Ireland’s housing policy, and has doubled in size between 2006 and 2011. It is also serving an important role in terms of Social Housing, with approximately 77,000 Rent Supplement tenants and 36,000 RAS (Rental Accommodation Scheme) tenants now living in the private rented sector”.

All landlords are legally obliged to register tenancies with the Board and the number of new registrations with the PRTB in Quarter 2, 2014 was 25,500.

The Index is of assistance for a range of Government purposes, including housing policy generally and informing the Department of Social Protection’s Rent Supplement scheme. It is also an important reference document in landlord/tenant disputes on rent. It was developed in consultation and co-operation with landlord representative groups such as the Irish Property Owners Association, irishlandlord.com, the Institute of Professional Auctioneers and Valuers, the Society of Chartered Surveyors of Ireland, and tenant representative groups such as Threshold and USI (Union of Students in Ireland)