Average rent in Mayo is €697
AVERAGE monthly rent for homes in Mayo at the end of last year was €697.
There were 6,008 private tenancies registered with the Residential Tenancies Board (RTB) in the county.
The Westport electoral area had the highest rents in the county, averaging €768 per month, followed by the Castlebar area at €701. Average rents in Ballina electoral area were €691 for the month, in Claremorris they were €676, and the Swinford area stands at €640.
The RTB's quarterly rent index show that nationally, rents grew by 2.7% in Q4 2020 in comparison to 6.4% in Q4 of 2019. The national standardised average rent outside of Dublin stood at €955 in the final quarter of 2020.
Padraig McGoldrick, interim director of the RTB, commented on the latest rent index findings: “The impact of Covid-19 on the rental sector continued into the fourth quarter of 2020. The national standardised average rent remained static in the quarter and, overall, in the year there had been a significant trend of moderation in rental inflation relative to previous years.
“While there has been a definite trend in moderation in rent levels, it is clear affordability issues and related risks remain.
“We understand that Covid-19 presents many challenges and adjustments for those operating and living in the rental sector. We continue to encourage those who are experiencing issues in their tenancies to keep lines of communication open and if they still cannot resolve their dispute to contact the RTB for support and information on how to resolve these matters.
“We also want to highlight that further measures and the extension of temporary protections for those impacted by the pandemic were introduced by government towards the end of last year.
“The Planning and Development, and Residential Tenancies Act, 2020, enacted in December 2020, provides protections for tenants who are financially impacted by Covid-19, in rent arrears and at risk of losing their tenancy. It also introduced protections for landlords who have been financially impacted by Covid-19 as well as their tenant’s ability to pay rent.
“The Act introduced temporary protections for tenants where they cannot be made to leave their rental accommodation, except for limited circumstances, any time there are restrictions on travel outside a five-kilometre radius of a person’s home. Currently, this protection will remain in place until at least April 15, 2021.”
More information is available here: https://www.rtb.ie/.