First rise in Wicklow rents since property crash

New figures released by the Private Residential Tenancies Board (PRTB) show that the average cost of rent in County Wicklow has increased for the first time since the end of the boom.

The cost of rent recorded a moderate increase of 1.3% — rising from €811 at the beginning of 2013, to €822 at the end of the year.

Nationally, rents rose by 3.3% in 2013, with a 5.2% rise in apartment rents and a 1.6% rise for houses.

The findings, which are compiled by the ESRI, reflect actual rents being paid, as opposed to the advertised rent price.

Around the county, Wicklow Town, Blessington, Bray and Greystones all saw increases in the cost of rent.

However,  rents in Arklow, Baltinglass, Delgany, Kilcoole, Newtown and Rathnew all continued on a downward trajectory.

Rents in Dublin rose 7.6%, squeezing renters in the capital and putting pressure on rents in Bray and Greystones.

Below is a table of annualised average rents from the PRTB.

Town 2013 2012 2011 2010 2009
Wicklow Town 773 771 806 855 909
Arklow 623 641 673 703 772
Baltinglass 619 631 625 653 742
Blessington 819 790 800 849 953
Bray 913 908 916 963 1075
Delgany 954 971 985 1021 1149
Greystones 1004 980 975 1024 1147
Kilcoole 928 947 945 1013 1139
Newtown 877 950 985 954 1073
Rathnew 797 821 806 840 896

 

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