The latest rental report from the State's Residential Tenancies Board shows that renting costs have increased again, though growth has slowed. The national average for new tenants is now â¬1,680 monthly, reflecting a 5.5% increase compared to the previous year. Dublin records the highest rents at â¬2,120. Existing tenants saw an average rise of 4.6% to â¬1,440. Concerns are noted regarding Galway's rental growth, where costs increased significantly. The RTB plans to engage with local stakeholders to address compliance issues amid rising rents.
"The new rent index data has flagged unusual patterns of rental inflation in Galway that we are engaging directly with stakeholders in the county."
"Almost a third of existing tenancies were new agreements. Landlords are allowed to hike the rents on new deals, raising concerns about compliance with regulations."
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