Friday 20 October 2017

Rental Market Movement: Cork and Munster

Figure in brackets represents how county ranks nationwide in terms of cost of 'average' home

Frankfield is the third most expensive place in which to rent, outside the capital, at €1,017
Frankfield is the third most expensive place in which to rent, outside the capital, at €1,017
Independent.ie Newsdesk

Independent.ie Newsdesk

Cork (5) - Average rents in the Rebel County stand at €776, rising to €858 in the city. More than 31,000 properties are rented, with a three-bed semi-d the most expensive to rent in Rochestown, at €1,009.

Frankfield is the third most expensive place in which to rent, outside the capital, at €1,017.

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Limerick (8)

Rents have fallen across the county by 9.5pc to €627, but less in the city - a home costs €630, down 3.5pc compared with five years ago.

A starter home in Newcastle West costs €530 per month, rising to €718 in Dooradoyle in the city. With a major regeneration programme under way, rents are expected to rise.

 

Waterford (13)

Rental prices in the city and county have dropped by 11.5pc - a home now costs €542, and €540 in the city.

The cheapest place in the country in which to rent is the Inner Ring Road in Waterford. Prices of apartments have dropped by 65pc since 2010 - by far the sharpest fall nationwide.

 

Kerry (15)

Rental prices have dropped by 8.5pc in the Kingdom, down to €538. And while a three-bed semi-d averages at €572, there are stark differences between the cheapest and most expensive.

In Listowel, a home can be secured for €513 per month - but that rises to €637 in Killarney, a difference of almost 25pc.

 

Tipperary (17)

Rental prices for a two-bed apartment have dropped by up to 15pc in Thurles, while the overall decline is 11pc, to €533.

Clonmel is the most expensive town in which to rent, where a three-bed semi-d costs €643, compared with a county average of €572.

A two-bed apartment costs €576, over €100 more expensive than the average.

 

Clare (19)

Rental costs have dropped by up to 14pc across Clare, with the average home now costing €511 per month.

A three-bed semi-d costs €532 in the county town of Ennis, down 12pc, while a two-bed apartment is €464, down 11pc. However, a two-bed apartment is more expensive in Shannon, at €559, down 7pc.

Irish Independent

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