Average Cost Of Rent Rises Once Again

The average cost of renting a property in Cork City is now €1,366 a month

Rents in the City have risen by almost 8 per cent over the past year, while renters in the county are now paying an average of €1,030- an increase of 12%.

According to Daft.ie's latest rental report the average nationwide rent is now €1,391 a month - €361 higher than the previous peak 11 years ago.

In Dublin, rents are up 4.5 percent compared to this time last year and now stand at €2,023.

Author of the Daft Report Ronan Lyons says the lack of rental properties on the market is having a big impact:

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