Average rents in Cork jump by 4.5% in one year – Cork Beo

The average price for renting accommodation in Cork city rose by 4.5% over 2020, despite the devastating effects of a global pandemic and a series of Lockdowns that have effectively shut large areas of our economy.

The latest nationwide survey from the Residential Tenancies Board (RTB) reveals that in the last four months of 2020 – Cork was one of eight counties in Ireland with average rents above €1,000 per month – the rest being Dublin, Galway, Kildare, Limerick, Louth, Meath, and Wicklow.

Year-on-year the fastest-growing rent in the fourth quarter of 2020, by county, was seen in County Longford (8.3%) and the county with the largest year-on-year decline in rents was Waterford (-13%).

The RTB report released this morning says Cork city had the second-highest average rent level of any Irish city in the last quarter of 2020 at €1,252.

The average rent in

Continue reading this atricle at https://www.corkbeo.ie/news/local-news/average-rents-cork-jump-45-20242511