The average Cork City rent is now an eye-watering €1,670
It’s worse it’s getting.
Cork city rents have increased by a whopping 11.8 percent since last year, according to the latest report by property website Daft.
The average renter can expect to pay €1,670 monthly to rent a home on Leeside – and that’s if you’re lucky enough to find one. Just 716 houses were available for rent across the country on August 1st, only 167 of which were located in Munster.
Nationwide, the least expensive place to rent a house right now is Leitrim, where rent will set you back an average €843. Meanwhile, in South County Dublin, renters are shelling out an average €2,387 in monthly payments to their landords.
The latest figures shine another spotlight on Ireland’s worsening housing crisis.
“Outside Dublin, the typical August in the late 2010s saw almost 2,100 homes available to rent at any point in time ‐ although the trend was somewhat downward during those five years ‐ compared to just 424 on August 1st this year.” said the report’s author Ronan Lyons.
Lyons explains that the “blip of 2020, due to covid19 restrictions” has only given way to an extraordinary resumption in the growing scarcity of rental homes over the last 24 months.
“In August 2009, there were over 23,400 homes available to rent nationwide ‐ nearly 8,000 in Dublin and 15,500 elsewhere. That means that for every 100 homes available to rent thirteen years ago, there are just three on the market today,” he added.