Cork city top of the list for rent inflation rates

Cork city is now the rent inflation capital of Ireland, after monthly rent rates soared by 18% in a year.

Rents in the city have increased for the fourth quarter in a row to give Cork the unenviable title of having the highest rate of rental inflation in the country.

The latest figures from Daft.ie show the average monthly rent in the university city is now €1,051, a 4.7% increase on the last quarter and an 18.2% hike since this time last year.