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Grim report reveals Cork rents increased by 7.3% over the past year

Lack of stock resulting in sky high rents - just 88 Cork properties listed on Daft.ie website

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The average monthly rent in Cork County now stands at €1,305 and in Cork City at €1,708.

The average monthly rent in Cork County now stands at €1,305 and in Cork City at €1,708.

The average monthly rent in Cork County now stands at €1,305 and in Cork City at €1,708.

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THE latest quarterly Daft.ie report has underscored the deepening crisis within the Irish rental market, resulting from a perfect storm of rising rents and the lack of available accommodation.

The report for Q3 of this year makes for sombre reading, revealing that nationally rents have risen by 14% over the last 12-months – representing the highest year-on-year increase in market rents since the first Daft.ie rental report in 2006.


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