North County Dublin sees second highest rent increases in Dublin in one year – O’Reilly
Responding to Daft.ie rental report which showed that increases in rent in North County Dublin had increased 11.7% in the year, Sinn Féin TD for Dublin Fingal Louise O’Reilly TD urged the government to look again at introducing rent certainty to alleviate pressure on struggling households.
Deputy O’Reilly said:
“The daft.ie rental report published this week shows that North Dublin has experienced the second highest year on year change in rent in Dublin. Behind West County Dublin, the 11.7% increase in the North County reflects the large growth in population being experienced in the north county. Earlier this year the census figures showed that Fingal is the fastest growing county in the country, with an 8.1% growth since the 2011 census. We are seeing population increases which demonstrate the need for concurrent investment in our public services, which means ensuring that there is an adequate housing supply and certainty in rents.
“These continuous rent increases affects everyone dependent on the private rental sector for accommodation. This includes working families who cannot afford to save to buy a home, low income families that are paying up to 60% of their disposable income on rent and the students whose number is on the increase every year, with fewer properties available to meet this growth. Increased population with lesser availability of accommodation will lead to an exacerbation of this problem into the future.
“Earlier this year, Sinn Féin tabled the Rent Certainty Bill 2016 which would have linked rent reviews to the consumer price index. This would have provided much needed stability in the private rental market, for both landlords and tenants. But it was rejected by both Fianna Fáil and Fine Gael. At that time we warned that families facing rent reviews could see their rent jump by 10 to 20 percent. This is now becoming a reality. If rent certainty was introduced two years ago, during the term of the last government, the average family renting in Dublin would now be €2,000 better off.
“The situation is such that many parents have to decide between paying rent and covering increasing back to school costs. In some cases families are being made homeless because of an inability to pay the rising rents or to secure rental accommodation. The government must recognise that rent certainty is key to alleviating pressure on these households and Sinn Féin will continue to pursue fair rents and security of tenure for renters struggling with rising costs across the state.”