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Business, Homes, News

The average rent in Cork City has increased again

By Yay Cork September 27, 2018April 29, 2020

It’s another sharp spike.

The average monthly rent in Ireland has shot up by another €80 this year.

With the average rent nationwide now at €1,094, new research shows that rates in Cork City are the second-highest in the country at €1,123 per month.

The latest report from the Residential Tenancies Board reveals that the amount charged by landlords in Cork surged by 6.2 percent.

Meanwhile, Dublin rents rocketed by 9.5 percent since this time last year, with the average cost of renting in the capital tipping €1,587 a month – up €128 on 2017.

The average Galway city rent is €1,065, while rents in Limerick city rose more than 12 percent to €880 and rents in Waterford city were €646.

A recent Cork Chamber survey showed that affordable rental accommodation was one of the top priorities among local company leaders.

Calling for the expedited delivery of new urban apartments for families and young professionals, Chamber director of public affairs, Thomas Mc Hugh said, “If Budget 2019 delivers one thing only, it should be measures to increase the supply of accommodation in our city and town centres.”

The Residential Tenancies Board offers a free mediation service to help landlords and tenants to resolve any tenancy related issues they may be having. Threshold also provides a comprehensive advice and advocacy service to tenants. 

 

Tags: Cork Chamber, Money, property, property prices, rent
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