Rents In Cork Now 25% Higher Than 2008 Peak
Rents across Cork are now 25% higher than their peak in 2008
The average rent in the city now stands at €1,266 that's up 12.8% in the year to June according to the Daft.ie quarterly Rental Report.
In the county, rents have jumped up 10.5% bringing the average to €920
This represents the 9th consecutive quarter in which a new all-time high for rents has been set
There were 3,070 properties available to rent nationwide on August 1st - the lowest on record since 2006
Trinity College economist Ronan Lyons is author of the report, and says other cities are catching up:
More from Cork
-
Lord Mayor Of City Felt Privileged To Represent Cork During Such A Difficult Time As He Faces Into Last Month In Office
Councillor Joe Kavanagh will be handing over the mayoral chains outside of City Hall for the first time ever on June 18th due to the pandemic
-
Expert calls for people to reduce meat intake
Eating too much meat can increase the risk of serious illnesses by as much as 30%.
-
International Care Day Is Being Celebrated At The Bessborough Centre In Blackrock Today
The event highlights the positive impact of the experience of young people in care
-
UPDATE: Teenage Girl Killed And Three Teenage Boys Injured In Knocknaheeny Crash
It's understood the teenage driver of the car fled the scene on foot
-
Angry Farmers To Stage Protest Outside Aldi in Mitchelstown Later
They're appealing to retailers to come to the talks table
-
UPDATE: Toddler Who Was Injured At Her Home On The Boreenmanna Road Has Died
The two year-old was rushed to hospital with traumatic head injuries
Comments
Add a comment