Rents in Tipperary have risen dramatically in a year, according to new RTB report

The average rent in Tipperary has increased 10% in a year, according to a new report by the Residential Tenancies Board.

According to the RTB Q1 2023 Rent Index released this week, the average rent in new tenancies in Tipperary in quarter one of 2023 (January-March) was €940.42.

That is up from €853.09 in quarter one of 2022 and €939.04 in the final quarter of last year.

The national average was €1,544, which is an 8.1% increase year on year.

Carrick on Suir had the highest average rent off new tenancies at €1,026.31.

Clonmel came second at 989.78, while Cashel-Tipperary came to €938.38 on average.

The average rent in Nenagh was €953.10, while Roscrea-Templemore came in at the lowest at €729.05.

No data was reported for Thurles, Newport and Cahir because there were fewer than 30 new tenancies registered in each area.

The report also said that Tipperary was one of six counties were new tenancy registrations increased compared to Q1 2022.

Tipperary represented 2.4% of new tenancies nationwide.

RESPONSE

Tipperary TD Martin Browne responded to the report, saying it showed a failure on the part of Fianna Fáil and Fine Gael.

“The RTB rent index report published today shows that things are going from bad to worse for Tipperary renters under Fianna Fáil and Fine Gael.

“This disaster is the legacy of this government and of twelve years of Fine Gael in power. Instead of cutting rents, under Fianna Fáil and Fine Gael rents are rocketing upwards, to levels that people on ordinary incomes in Tipperary simply cannot afford.

"It is clear this government is failing a whole generation.

“Since this government was cobbled together, rents in Tipperary have risen by €237 – or by over a third.

“The impact on people across Tipperary is devastating. We have entire generations locked out of home ownership, paying sky-high rents while struggling to save for a deposit and fearing they’ll never own their own home," said Deputy Browne.