RTB Director’s Quarterly Update Q3 2025
- The standardised average rent for new tenancies rose by 5.5% annually to €1,696 in Q1 2025. It increased by 4.4% for existing tenancies to €1,452.
- Rental inflation trends vary significantly across regions. Dublin saw its lowest new tenancy growth rate since 2022 at 3.3% in Q1 2025, but Donegal, Kerry, Kildare, Laois, Limerick, Monaghan, Roscommon and Tipperary saw increases of over 10%.
- Landlords with 100+ tenancies provided 14% of all registered private tenancies in Q2 2025.
- Approved Housing Body registered tenancies grew by 11.7% annually to 52,989 in Q2 2025.
- 4,728 Notices of Termination in Q2 2025, up 17.2% annually and 0.7% from Q1 2025.
11 September 2025: The Residential Tenancies Board has released its Director’s Quarterly Update for Q3 2025. It draws on RTB tenancy registration and administrative data to provide the most complete view on the state of Ireland’s rental sector. The data shared includes RTB Profile of the Register data to Q2 2025, the RTB / ESRI Rent Index to Q1 2025 and RTB administrative data to Q2 2025.
RTB / ESRI Quarterly Rent Index Q1 2025
Nationally, average market rents continue to rise for new and existing tenancies. The rate of new tenancy rent increases has been relatively stable for the last four quarters at a national level. However, the trends vary significantly across regions.
- The standardised average rent for new tenancies grew by 5.5% annually to €1,696.
- The standardised average rent for existing tenancies grew by 4.4% annually to €1,452.
- Average rents for sitting tenants are €244 lower per month than for new tenants.
- County Dublin saw its lowest new tenancy growth rates since mid-2022 at 3.3%.
- New tenancy rents increased by more than 10% annually in eight counties: Donegal, Kerry, Kildare, Laois, Limerick, Monaghan, Roscommon and Tipperary.
- Donegal, Kerry, Laois, Monaghan and Tipperary have now experienced eight quarters of high new tenancy rent increases. Following the national extension of Rent Pressure Zones (RPZs), the RTB will target education and outreach activities in these counties.
Profile of the Register data series to Q2 2025
Registered private tenancies and landlords increased year-on-year but remained relatively static quarter-on-quarter. Approved Housing Body (AHB) tenancies continued to grow strongly.
- Nationally, registered private tenancies rose by 3.2% annually to 240,798 in Q2 2025. They rose by 0.08% from Q1 2025.
- In Dublin, registered private tenancies rose by 5.5% annually to 104,461 in Q2 2025. They rose by 0.6% from Q1 2025.
- Nationally, landlords associated with registered private tenancies increased by 0.24% annually to 104,072 in Q2 2025. They fell by 398 landlords or 0.38% from Q1 2025.
- The proportion of tenancies provided by landlords with 100+ tenancies has increased for eight consecutive quarters. It now stands at 13.9%, up from 11.8% one year ago.
- Approved Housing Body registered tenancies grew by 11.7% annually to 52,989.
RTB Notice of Termination data to Q2 2025
- The RTB received 4,728 Notices of Termination in Q2 2025. This is an increase of 17.2% annually and 0.7% from Q1 2025.
- 2,698 or 57.3% of Notices of Termination received in Q2 2025 were issued as the landlord intends to sell the property.
RTB Compliance and Enforcement activity
- The RTB issued 3,357 compliance notices for failure to register in Q1 and Q2 2025 under its criminal registration enforcement process. 1,376 tenancies have registered as a result to date, with enforcement ongoing with the remainder.
- The RTB approved 249 new investigations under its investigation and sanction civil process in Q1 and Q2 2025. This is an increase of 100% on 124 investigations commenced throughout 2024.
Speaking on the quarterly update, Rosemary Steen, Director of the RTB said:
“This new data shows that the profile of Ireland’s rental sector continues to evolve. The double-digit growth of Approved Housing Body tenancies continued in Q2 2025. The share of private tenancies provided by large landlords also increased for an eighth consecutive quarter.”
“We continue to see significant regional differences in rental inflation. Donegal, Kerry, Laois, Monaghan and Tipperary have now experienced eight quarters of high new tenancy rent increases. Following the national extension of Rent Pressure Zones, we are targeting increased education and outreach activities in these new RPZ areas. We are also calling on landlords in all new RPZ areas to ensure they are informed about RPZ rules.”
“We also continue to engage with the Department of Housing, Local Government and Heritage on upcoming changes to rental law. Through the legislative process, we hope to gain new tools to allow us to enforce RPZ rules at a greater scale and pace.”
Dr Rachel Slaymaker, Research Officer with the ESRI said:
“National new tenancy rental inflation remained steady at 5.5 per cent year-on-year in Q1 2025. Regional trends however tell a more complex story, with Dublin seeing a continued slowdown in the pace of growth, while eight counties experienced double-digit growth in new tenancy rents.