Dublin still most expensive rental area

THE cost of renting an apartment in Dublin is nearly 40% more expensive than in Cork City, a new survey has shown.

Although renting accommodation across the country is getting cheaper, Dublin continues to be more expensive with the average one-bedroom apartment in the city costing €845 a month to rent.

This compared to a price of €607 per month in Cork, the survey by the Institute of Professional Auctioneers and Valuers (IPAV) found. But rental incomes are falling, with a 3% decline in Dublin in the year to the end of June 2004.