Average Rent In Cork Has Dropped Slightly And Now Stands At €1082 

The ESRI believes that rent prices are likely to continue dropping for as long as the economy is impacted by Covid-19

 

Month on month drops were also noted in three of the four months since March as public health restrictions were brought in.

On foot of the publication of the figures the Housing Minister has designated the Bandon - Kinsale Local Electoral Area as a Rent Pressure Zone

This means that rents in these area cannot be increased by more than 4% per annum

ESRI Senior Research Officer Conor O’Toole says it's likely the downward trends in rent prices will continue:

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