Gross rental yields in Ireland: Dublin and Cork
The average gross rental yield in Ireland stands at 8.38% (Q3, 2023).
Last Updated: Aug. 18, 2023 | |||
DUBLIN - Apartments | COST (€) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Dublin (all locations) | |||
1-Bedroom | €275,000 | €1,563 | 6.82% |
2-Bedroom | €355,000 | €2,556 | 8.64% |
3-Bedroom | €474,975 | €3,484 | 8.80% |
4+Bedroom | €895,000 | €4,875 | 6.54% |
Dublin avg. rental yields | 7.70% | ||
CORK - Apartments | COST (€) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Cork (all locations) | |||
1-Bedroom | €185,000 | €1,223 | 7.93% |
2-Bedroom | €245,000 | €1,950 | 9.55% |
3-Bedroom | €312,500 | €2,477 | 9.51% |
4+Bedroom | €482,500 | €3,725 | 9.26% |
Cork avg. rental yields | 9.06% | ||
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower. Source: Global Property Guide and Daft |
Research Methodology: To conduct this research, we searched for studio, 1-bedroom, 2-bedroom, 3-bedroom, and 4-bedroom apartments in the largest cities of Ireland. We utilized the Daft website for both buying and renting prices to determine the average gross rental yields (Monthly Rent x 12 / Purchase Price).
For instance, if the monthly rent is €500 and the purchase price is €100,000, the calculation would be: €500 (Monthly Rent) x 12 / €100,000 (Purchase Price) = 6% (Gross Rental Yield).