Gross rental yields in Ireland: Dublin and Cork
The average gross rental yield in Ireland stands at 7.85% (Q1, 2024).
- Dublin
- Cork
Last Updated: Feb. 15, 2024 | |||
DUBLIN - All Dwelling Types | COST (€) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Dublin (all locations) | |||
1-Bedroom | €275,000 | €1,676 | 7.31% |
2-Bedroom | €365,000 | €2,500 | 8.22% |
3-Bedroom | €475,000 | €3,000 | 7.58% |
4+Bedroom | €925,000 | €4,800 | 6.23% |
Dublin avg. rental yields | 7.33% | ||
CORK - All Dwelling Types | COST (€) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Cork (all locations) | |||
1-Bedroom | €179,750 | €1,287 | 8.59% |
2-Bedroom | €250,000 | €1,950 | 9.36% |
3-Bedroom | €310,000 | €2,250 | 8.71% |
4+Bedroom | €575,000 | €3,250 | 6.78% |
Cork avg. rental yields | 8.36% | ||
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 |
Ireland´s Historic Rental Yield Data
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).