RTB Rent Register

I found a list of 15 Daft ads from 2017 for properties similar to mine. The rents advertised 9 years ago are in the same range as 8 of the properties on my list. It was 9 years ago.
There are about 60 to 80 2 bedrooms apartments in my area (similar age, similar floor area, similar BER C1 and C2) and at least 15 similar apartments rented in my own complex, the list (9+mine) managed to pull a G property with extremely low rent as well as 2 low rent properties 12 km away.

With so little data given, it's actually very difficult to know what the market is at. I don't think daft is necessary that representative. I would think that daft is currently used in very few transactions as in my 10k inhabitants town, there are maximum 3 ads at all time, these run from a few days to a couple of weeks.

I am very surprised about the lack of noise from some politicians in the past couple of days. I would have thought that some would be up in arms with examples of totally unfair high rents from the RTB register. I didn't see or hear anything.
 
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bipped said:
RTB guide for rent reviews and new rent setting.
Click to expand...

According to the guidelines I won’t even be allowed to increase the rent on my apartment by the annual limit of 2%, because the highest comparable amount the rent register throws up is €1873 and our actual rent is currently €1870 (this property has been rent controlled since 2019.)

If I was on the fence about selling before, this has definitely made up my mind now!
 
Mocame said:
I wonder about the potential for uneven treatment of small and large landlords by this system. If a small landlord is forced to pick three comparable local properties these may be of varying quality and therefore rent. If a large instutional landlord picks three it is likely that s/he owns these - they may be in the same block and all chargng high rents. Or am I over thinking this?
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No, I think that you are correct in that.
 
Wavelly said:
the rent register throws up is €1873 and our actual rent is currently €1870 (this property has been rent controlled since 2019.)
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The rent in my property was first set up in 2014 (it's when the first relevant rent was established), frozen in 2015, not increased to full market rent in 2016 as I had a tenant in place, controlled since then, only increased by 2 per cent in 2022 before the law (I could not find if the law had been enacted or not in time), I am still the 7th highest rent on my list. One would think that no property came to the market with full market rent in the past 10 years with 49k inhabitants in the electoral area.
I also went back to the records I used for setting rent. I recorded 4 ads from 2016 with an average of 1237 (mine was lower by about 250). I also have ads recorded from 2017 with an average of 1195 with 13 relevant ads. Currently, the average I am given by the RTB is 1303 with 2 high rents. If I take these 2 high rents out, the average given is 1116 lower than what I recorded in 2016 (before rent controls) and 2017. I really wondered how they chose their properties.
 
Given the volume of NOT / sales that we are hearing about, it will be interesting to see the impact on this data in two years time.

As others have observed, there is so little information provided, that making a business decision using this "report" is laughable.

If you were to present this at your work place, it would be torn to shreds.

Edit to add: one of the posts, on this thread or another, I don't recall; suggested keeping a record of properties advertised on Daft. I think this is good advice & plan to do so myself.

I'm also considering challenging the rent for new properties (first letting) so the RTB will have to issue a ruling before a lease is signed.

I'm not clear however on how one does that.
 
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Could someone confirm the logic of the RTB codes. Am I right I presuming that
The below shows a tenancy starting in May 2021 and that had ended in 2025?
RT0521-XXXXXXXX-25

Where there is the following code
I presume the tenancy is still ongoing?
RT0521-XXXXXXXX

Many thanks
 
Banquo said:
Could someone confirm the logic of the RTB codes. Am I right I presuming that
The below shows a tenancy starting in May 2021 and that had ended in 2025?
RT0521-XXXXXXXX-25

Where there is the following code
I presume the tenancy is still ongoing?
RT0521-XXXXXXXX
Click to expand...
I think the end number is when renewed.
On my list, the only one the have no number at the end are the one started in 2025. I would think that it is because there is no renewal yet and eventually at renewal they will have a 26 at the end.
 
Premos said:
I think the end number is when renewed.
On my list, the only one the have no number at the end are the one started in 2025. I would think that it is because there is no renewal yet and eventually at renewal they will have a 26 at the end.
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That's how I have been reading it too.
 
What do you mean by renewed - is that the 40e annual payment to RTB ?

I ended a tenancy in 2025 and the '25' is at the end of the old RT number. I registered a new Tenancy shortly after and it has no "xx" number in the RT number.
 
Premos said:
Was that tenancy created before 2025 and renewed with the RTB payment at some time in 2025? before being ended.
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It was created 6yrs earlier and renewed annually as normal. It was ended in line with the 6th yr anniversary.
 
DannyBoyD said:
I'm also considering challenging the rent for new properties (first letting) so the RTB will have to issue a ruling before a lease is signed.
Click to expand...
Have a friend who is ready to go with a first letting but the historical rents in the register are way off. He’s nervous the tenancy will start and six months down the road he’ll be told the rent is too high.

Is there a time specified for the RTB to dispute a new rent and/or sanction a landlord? After they receive all the documentation, do they have to confirm the new rent is ok or is a landlord in limbo waiting on the off-chance they’ll dispute it at some stage?
 
I spent about 2 hours this morning doing a rent review for a current rent renewal dated today.
My old rent this time last year was €1211.
The new rent calculator didn't allow me to increase by 2% it allowed me only €13.
I was tempted to jack it in but stuck with the process because maybe they want to create all this work for us so we will not bother with the increase.
I rang them for some guidance and gave them some much needed feedback about the volume of work involved in the rent review.
I eventually had to create an account and scan the documents to them.
The whole system would put you right off reviewing the rent in the first place.
 
bipped said:
Have a friend who is ready to go with a first letting but the historical rents in the register are way off. He’s nervous the tenancy will start and six months down the road he’ll be told the rent is too high.
Click to expand...
I think that will happen and I suspect they can investigate at any time. They will be thinking that rents will drop because of the increased supply but landlords with existing higher rents won't reduce, so they need the power to investigate at any stage.
 
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