Rent prices have increased across Ireland, but decreased in Dublin

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Rental prices have increased across Ireland, with prices now exceeding their previous peak during the Celtic Tiger.

The latest Residential Tenancies Board Rent Index shows that rents nationally rose by 7.37 per cent in the last year.

The Index shows that while rent prices are still rising, they are doing so at a slower pace than before.

Costs rose by 0.1 per cent last quarter, compared to 2.8 per cent the quarter before

The data also shows that rent prices in Dublin have decreased slightly.

Rents in the capital fell by 1.5 per cent, which is reported to be driven by the reducing costs of rental apartments.

The average standardised national rent price is now €987.00 per month, according to the Index. 

This is down from last month's data of an average prices of €1131.00, according to data collected by Daft.ie

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