The Minister for Housing Eoghan Murphy has welcomed what he calls a slow down in the rate of rent inflation. Mr Murphy said that the Residential Tenancies Board's Rent Index Report shows we have the slowest national growth rate in a year at just 0.4%. The average rent for new tenancies stands at €1,060 nationwide, while this rises to €1,527 in Dublin. The Simon Community says the figures show that rents went up by 7.1% annually nationally in the first quarter of this year, compared to 2017. The organisation's National Spokesperson Niamh Randall says it shows the rental market is under huge pressure.

Source: Evening echo June 13, 2018 06:22 UTC