August 5, 2020
Business News Property

Wicklow rents slow down but continue to rise as average hits €1,300 – report

Rental prices continued to rise in county Wicklow throughout 2019, although the rate at which they rose was slowing down significantly by the year’s end.

Average rents were up 6.8% in Wicklow during 2019 according to the latest Rent Index report released by The Residential Tenancies Board (RTB) which found the average rent in Wicklow now stands at €1,302, up €83 in 12 months.

Wicklow is one of just seven counties in Ireland where the standardised average rent exceeded €1,000 per month in Q4 2019, the others being Cork, Dublin, Galway, Kildare, Louth, and Meath.

Despite the 6.8% annual rental increase in Wicklow, the rate of increase slowed dramatically in the last three months of 2019. Rents increased by just €38 or 3% over that period.

Unsurprisingly the highest standardised average rents nationally were in Dublin and now stand at €1,716, while Leitrim remains the lowest at €560 and actually recorded a decrease in rental prices in the final quarter of 2019.

Outside of Dublin, the national standardised average rent stands at €922 on December 31, 2019. This represents an annual increase of 7.6% (€65).

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