Cork rents rise 5% as urban market shows signs of resurgence

The cost of renting a home in Cork has risen by over 5% this year, indicating what may be the beginning of a resurgence in the urban property market.

Rents in Dublin also rose slightly while those in rural areas continued to fall.

The average rent nationwide in the first quarter of 2012 was largely unchanged from a year previously (down 0.1%), according to the latest report published by property website Daft.ie.