'No quick fix', says watchdog as rents keep rising

RTB director Rosalind Carroll said that while the annual pace of rental growth had slowed, the continued growth levels over consecutive quarters were 'not sustainable'

Rents up 3 per cent in Q2. Pic: RollingNews.ie

The latest figures from the Residential Tenancies Board (RTB) show that increases in rent accelerated during the second quarter of this year, assupply remains well below the level of demand for accommodation.

In its latest rent index, the board suggested that more people were moving into the rental sector due to affordability issues in the housing market, pushing up rents.

The national average monthly rent was €1,202, up 7 per cent from the ...