Average Wicklow Rent Grew By 2.7% Over The Last Quarter Of 2021.

The Residential Tenancies Board has published the quarterly Rent Index report for Q4 2021.

Today, the Residential Tenancies Board has published the quarterly Rent Index report for the October to December period (Q4) of 2021. 

The purpose of the Rent Index is to measure rental price developments faced by those taking up new tenancies in the private rental sector.

Wicklow was among thirteen counties that had standardised average rents in new tenancies above €1,000 per month.

Standardised Average Rent in New Tenancies for County Wicklow in the third quarter of 2021 were €1,482.24, which grew to become €1,522.80 in the fourth quarter, marking a 2.7% increase.

Looking at 2021 on the whole, Standardised Average Rent in New Tenancies in Wicklow from 2020 to 2021 grew by 9.0%.

Nationally, the Index showed that the standardised average rent in new tenancies was €1,415 per month in Q4 2021, which is a decrease of €4 compared to Q3 2021.

On a yearly basis, rents in new tenancies grew by 9.0%, which is higher than the yearly growth rate in Q3 2021 (8.8%). 

The standardised average rent in new tenancies for houses in Ireland stood at €1,390 per month, which is a slight drop of 0.9% on the previous quarter and an increase of 9.0% compared to last year.

The standardised average rent in new tenancies for apartments stood at €1,459 per month, which is an increase of 0.6% on Q3 2021 and an increase of 9.3% on Q4 2020.