The RTB Rent Index, Q2 2023

• Q2 2023 Rent Index Report includes, for the first-time, information on rent levels in existing tenancies, as well as new tenancies: Using newly collected data from annual tenancy renewals with the RTB, insights are now available into the rents paid by sitting tenants. Heretofore, the RTB Rent Index was based on new tenancies only. 

• Rent levels in existing tenancies are lower than in new tenancies: Nationally the standardised average rent in Q2 2023 was lower for existing tenancies than for new tenancies that began in the same time period (€1,332 vs €1,574), a difference of €242 per month. 

• Nationally, rent levels in both new and existing tenancies have increased: Nationally, the standardised average rent in new tenancies grew by 11.6% year-on-year and in existing tenancies grew by 5.3 %.