According to Daft.ie’s Quarter 3 2016 Report, average rent in Cork city now stands at €1,087 – €10 higher than the national average.
The Daft.ie report also found that the increase in rent for 1 bed properties in Cork City represented the third highest increase nationally for this size property. One bed properties in Cork increased by 13.9% in the 12 months to September 2016.
Daft.ie’s report also shows that the increase in rents for 2, 3, 4 and 5 bed properties in Cork City represented the highest increases nationally for such properties. 2, 3, 4 and 5 bed properties in Cork increased by between 14.6% and 20.3% in the 12 months to September 2016.
“The prices are ridiculous. It’s Cork at the minute; it’s crazy to get anywhere, like. You find one that’s in your price range and there’s six, seven other people in front of you there and a lot of them have cash in their hand ready to go because they know how hard it is. I’ve got so many times just refused, just refused.”
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We tracked rents on daft.ie over 3 days in late November and found average rent for a 1 bed property in Cork city was €902 – that’s 64% above the Rent Allowance and Housing Assistant Payment limit for a single person and 39% above the Rent Allowance and HAP limit for a couple. Even with up to 20% discretionary flexibility, rents in Cork city are still beyond the reach of people reliant on Rent Allowance and HAP.
According to The Residential Property Price Index, house prices in the South West rose 14.1% in the year to September 2016 – almost double the national increase of 7.8%.
The increase in the South West is the second highest in the country, second only to the Midlands where property prices rose by 15%.
Rising house prices will force some people to stay in rental accommodation for longer, further reducing rental supply.
Throughout 2016, an average of 54 people per night relied on a Cork Simon emergency bed – our Shelter normally accommodates 44 people. Operating at 115% capacity most nights, we take in as many people as we safely can. Yet every night we must turn people away because our Shelter is overflowing.
Department of Housing, Planning & Local Government figures indicate that the number of people accessing Emergency Accommodation in Cork and Kerry (the South West) has increased by over one third during the 12 months to September 2016.
During November 2016 alone, 104 children and 287 adults accessed Emergency Accommodation in Cork and Kerry. 250 of these adults were in Cork.
“When I starts going in (to the Emergency Shelter) I didn’t know what to be expecting. I’d never been in that situation before. And to be honest I was just sitting there looking around me thinking what am I after doing to myself.”
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With the introduction last winter of temporary extra emergency beds, the number of people sleeping rough in Q4 2015 and Q1 2016 fell. However the number of people sleeping rough in Cork increased again during Q2 and Q3 2016 as the temporary beds were discontinued at the end of the winter.
Our most recent figures show that during Q3 2016, an average of 15 people per night slept rough – an increase of 36% since Q3 2015 when an average of 11 people per night slept rough.