Sinn Féin table legislation to introduce rent certainty - Ó Broin
Sinn Féin is to use Private Members time in the Dáil this Tuesday night to table legislation to introduce Rent Certainty.
The Rent Certainty Act 2016 will provide greater protection for both tenants and landlords against volatility in the rental market as it will link any rent increases or decreases to the Consumer Price Index.
Eoin Ó Broin, Sinn Féin TD and spokesperson on Housing, Planning and Local Government said:
“Rents across the State are continuing to rise as the watered down rent certainty measures introduced by Minister Kelly last year fail to make any dent in the rental crisis.
“Numerous reports have illustrated this fact.
“In May the Daft Quarterly Rental Report show an increase in the average rent nationwide of 9.3% in the year to March 2016, with average rents now at over €1,000 per month.
“In Dublin the report showed rental inflation for the year to March 2016 at 8.8%, with it costing on average €1,663 per month to rent in the south of the city.
“The same report shows that in Mayo the average rent for a two bed house is up 2.8% to €453 per month. The commuter belt is showing average rental increases of 10% for renting a double room now standing at €418 per month.
Ó Broin continued:
“The PRTB Quarterly Rent Index report released earlier this month demonstrated that nationally rents were 8.6% higher in the first three months of 2016 than in the same period last year. Average rental prices in Dublin reached €1,454 at the end of March, that’s €17,448 per year.
“While outside the capital, annual rent growth is climbing by 8.8%, with the average month rent for a house outside the capital standing at €731, that’s €8,772 per year.
“Renters seeking more manageable rental costs outside the bigger cities are encountering huge rent hikes around the commuter belt. According to data from the ESRI rent and today’s media reports rent in Moycullen in Galway is up 17%. In Kill in Kildare it’s up 15.3% to €1012.26.
“I would call on all parties to support the substantive aim of this Bill. If they have other suggestions on different system to index link rents they should vote in support of the bill, allow it to go to committee and propose amendments.”