Commercial Property

Navigating the real estate maze: Advice for home buyers in an overpriced rental market

As rents continue to rise, mortgage advisor, Margaret Barrett, offers her advice on the challenges and options available to first time buyers

The average rent in Dublin is now €2,113 and in Cork is €1,386 for new tenancies

Rents have risen consistently, some dramatically, in the past three years, and will rise again this year. Obviously, a well-documented fact; this is due to high demand, inflation, which includes soaring energy bills, and hefty overheads on construction and renovation, attributed in part to a lack of skilled trades.

The average rent in Dublin is now €2,113, and in Cork is €1,386 for new tenancies, according to Q3 2024 rental figures released by the RTB ...