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Rents in Cork increase sharply

National

Rents in Cork increase sharply

RedFM News
RedFM News

06:53 10 Aug 2023


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Rents in Cork have increased sharply this quarter, according to the latest figures from the Daft.ie rental report.

According to the report, Cork City rents have risen by 7.4% in the past year and the average rent is now €1793.

In the rest of Cork, market rents were on average 8.8% higher in the second quarter of 2023 than a year previously.

The average listed rent is now €1410, up 136% from its lowest point.

Rents had fallen in the first quarter of this year in Cork.

Nationwide, the average rent was just under €1,800 up 2.4% on the first quarter - and over €2,300 in the capital, up just 0.3%

 


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