Record rent hikes in Munster driven by shortage of homes

With just 236 homes now available to rent — the average was 750 in 2019 — the province has felt its highest annual rent hikes since 2006

With just 236 homes available to rent in Munster now — the average was 750 in 2019 — the province has felt its highest annual rent hikes since 2006.

Rents in Munster have jumped by 15.6% in the last year, with a home in Cork City now costing an average of €1,544 a month.

The latest report from property website Daft.ie has revealed rents have more than doubled across the country in the last decade.