'Bad news' for renters, who face sharpest rise in cost of new tenancies 

In Cork, new tenants are paying €1,363 a month on average while existing tenancies are paying €1,149 a month, the report said. 

Renters are facing the sharpest rise in the cost of new tenancies in Ireland since records began, new figures show.

The Residential Tenancies Board’s rent index for the second quarter of this year shows the average rent for new tenancies in Ireland stood at €1,574, a rise of 11.6% on the year prior, the highest rise since the first index in 2007.