Rental prices bounce back

RENTAL properties in Cork have begun to bounce back after a slowdown during 2004, according to a survey by a leading online accommodation agency.

Daft.ie, whose website receives more than 500,000 visits every month, said rents in the Cork region had regained the slippage seen last year, when rents tumbled as more units came on stream than was necessary to meet demand.

Cork landlords advertising through Daft charged an average of €840 for a two-bed property last month. The average cost of a two-bed property had slipped below the €800 mark during the year and had been as high as €844 for vacant units advertised in December 2003.