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New record rents (again) recorded... | Sales, Lettings and Property Management Estate AgentsHyde Property

New record rents (again) recorded…

The latest Daft.ie rental report confirms the continuing upward march of rents with demand far outstripping supply.

Based on Q3 2018 figures, there was an 11.3% increase in rents nationally which can be broken down into a 10.1% increase across Cork County and a 13.7% increase in Cork City.

It is the tenth consecutive quarter that all time high rents have been recorded since their last peak in 2008, just before the property crash. By 2016, those rent levels had been breached and have continued their upward climb ever since.

Indeed, rents have risen by almost 80% since 2011 when rental levels bottomed out with rents in Cork now about 29% above their previous peak and outside the cities, approximately 20% above peak.

For a full look at the Q3 2018 Daft rental report, click here.

daft.ie Rental Report: Q3 2018 – An infographic by the team at daft.ie