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).