A new report has found that Cork County experienced one of the highest rates of rental inflation across the entire country during the course of 2020.
Figures contained within the latest Daft.ie Rental Report showed that the average monthly rent in the county, as 2020 drew to a close, stood at €1,106 compared to €1,016 for the same period 12 -months earlier - representing a year-on-year increase of 8.9%.
The only other two counties in the country to see higher annual rental inflation rates were Kerry (9.9%) and Limerick (9.2%).
The report showed that rents in Cork County rose by 4.7% over the last quarter of 2020, with the final figure representing an 89.9% increase on their lowest point, or trough in 2011.
February 6, 2021 7:00 am
On the market is 93ac of top-quality land located between the villages of Nurney and Kildangan in south Kildare.
The land, which is for sale through Jordan Auctioneers, Newbridge, is easily accessible to Kildare Town at 8.5km; Newbridge 18km; Athy 14km; and The Curragh 12km.
World renowned Kildangan Stud
The property is generally surrounded by agricultural land in addition to several single one–off houses. It was originally part of the world renowned Kildangan Stud which is very close to the holding.
The lands extend to a total area of circa 93ac which is accessed via an existing tree-lined avenue. The entire is in six divisions with natural boundaries and hedgerows throughout and is ideally suitable for any number of uses.
Acceleration of remote working “will help the viability of small farms” according to the experts, but factors such as access to broadband continue to impact those in rural areas.
This was one of the key takeaway points from the launch of this year’s Institute of Professional Auctioneers and Valuers (IPAV) Farming Report, which took place yesterday (Tuesday, January 26).
2020 was labelled as a “torrid year” – but one that also had a “silver lining for land values”.
With prices going for up to €20,000/ac, “securing finance to purchase land remains a real challenge”, and “banks will often look for an additional income stream” according to one auctioneer.