Renters in new tenancies registered with the Residential Tenancies Board paid over 17% more in rent than those in existing tenancies.
It’s after new research with the ESRI on the average rent prices of new tenancies, was compared to existing ones.
The cost of rent for new tenancies in Donegal is €987, up from almost €708 for existing tenancies.
Renters in a new tenancy recorded with the RTB in the third quarter of last year paid an average of nearly €1,600 on rent.
That’s compared to €1,357 paid by those in existing tenancies – a difference of 17.7%.
Overall, average rents for new tenancies grew by 11% year-on-year, while it was 5.2% for existing tenancies.
Wexford and Donegal saw the biggest increases in rent for new tenancies – at around 23% year on year when compared to the third quarter of 2022.
In Dublin there was an 18.2% difference in new versus existing tenancies, while it was 18.5% in Cork.
