Mayo rents increase slightly

Rents may be increasing sharply in Dublin but that is not the situation in the Mayo private rental market.

The latest report from the Private Residential Tenancies Board has shown the average monthly rent for all private dwellings in Mayo in the first three months of 2015 was €512, up just €7 since the same time last year.

That represents a rent increase of 1.4 per cent in Mayo, compared to the average national increase of 6.9 per cent and the Dublin increase of 9.6 per cent.

The data is contained in the latest PRTB Quarterly Rent Index, compiled by the Economic and Social Research Institute.

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