Private and AHB tenancies registered with the RTB have increased for every quarter in the new series. Registered private tenancies have risen from 213,177 at the end of Q2 2023 to 230,006 at the end of Q1 2024. New data shows changing face of Ireland’s private rental market, with landlords who own 100+ properties associated with 22.5% of private tenancies in Dublin.
The Residential Tenancies Board (RTB) has released a new ‘Profile of the Register’ data series. It provides information on all private and AHB tenancies registered with the RTB at the end of each quarter from Q2 2023 to Q1 2024. It shows there were 230,006 private tenancies and 46,200 AHB tenancies registered with the RTB in Q1 2024. For the first time, the series provides a breakdown of tenancies by county, Local Authority, Local Electoral Area, dwelling type, dwelling size and landlord size.
The ‘Profile of the Register’ provides more accurate and in-depth information than previously available on the Irish rental sector. This follows improvements made to the RTB’s registration processes between Q4 2021 and Q2 2023. The changes made to remove duplicate and inactive tenancies include:
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A new requirement to renew tenancies annually.
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Automatic removal of tenancies which are not renewed from the Register.
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Eircode validation for all tenancy addresses.
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Landlords verified by PPSN or CRO number.
The system improvements and enhanced validation processes mean that this new data series is not directly comparable to tenancy figures published for periods prior to Q2 2023.
Speaking on the release of the new data series, Brian Gallwey, Senior Research Officer with the RTB said:
“The launch of this new data series marks the culmination of significant work to improve the RTB’s registration processes and the accuracy of data on the Register since 2021. The new data breakdowns published today will provide valuable insights on the changing face of Ireland’s rental sector for policy makers.”
Private Tenancies – Key Data:
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Private tenancies registered with the RTB have increased for every quarter in the new series, rising from 213,177 at the end of Q2 2023 to 230,006 at the end of Q1 2024. This represents a 7.9% increase.
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81% of private tenancies registered in Q1 2024 were in Rent Pressure Zones (RPZs).
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The number of landlords associated with private tenancies registered with the RTB has risen from 96,702 in Q2 2023 to 103,035 in Q1 2024.
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Nationally, the proportion of private tenancies associated with landlords who own 100+ tenancies has increased from 9.5% of private tenancies in Q2 2023 to 11.17% in Q1 2024.
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In Dublin, landlords with 100+ tenancies accounted for 22.55% of all private tenancies registered in Q1 2024. Outside Dublin, landlords with 100+ tenancies accounted for 2.56%.
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In Q1 2024, 119,329 private registered tenancies were in apartments, while 110,667 were in houses.
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2- and 3-bedroom properties are the most common dwelling sizes, accounting for 155,196 tenancies registered in Q1 2024.
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County breakdowns show the highest number of private tenancies in Q1 2024 were recorded in Dublin (99,630), Cork (25,041), Galway (13,139) and Limerick (8,723). Lowest numbers of tenancies were recorded in Leitrim (1,128), Longford (1,786) and Monaghan (1,827).
To view full Profile of the Register data sets and visualisations on private tenancies, please visit: Data Hub | Residential Tenancies Board.
AHB Tenancies - Key Data:
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AHB tenancies registered with the RTB have increased for every quarter in the new series, rising from 41,127 in Q2 2023 to 46,200 at the end of Q1 2024. This represents a 12.3% increase.
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In Q1 2024, 21,701 AHB registered tenancies were in apartments, while 24,497 were in houses.
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2- and 3-bedroom properties are the most common dwelling sizes, accounting for 33,745 tenancies registered in Q1 2024.
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County breakdowns show the highest number of AHB tenancies in Q1 2024 were recorded in Dublin (15,529), Cork (5,151), Kildare (2,814), Louth (2,171) and Meath (2,098). Lowest numbers of AHB tenancies were recorded in Leitrim (124), Roscommon (192) and Longford (306).
To view full Profile of the Register data sets and visualisations on AHB tenancies, please visit: Data Hub | Residential Tenancies Board.