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Little comfort for Meath renters in Budget 2017– Tóibín

11 October, 2016

Sinn Féin TD for Meath East and Cathaoirleach of the Meath Housing Campaign has said that Budget 2017 will do little to support those in the rental sector who have been faced with massive hikes yearly.

Teachta Tóibín said:

“This year’s budget effectively co-authored by Fine Gael and Fianna Fáil will have little to offer those who are in the private rental market. Rent prices in Meath have risen by 50% in the past four years according to the latest figures published by property website

“This means that those renting in Meath are faced with year-on-year rent increases of 15.6 %. It is unacceptable that people and families are faced with such crippling hikes – while the government does nothing to help them.

“Budget 2017 may offer flashy proposals such as the First Time Buyers incentive – but this will do nothing to help the thousands of people who are paying increasingly extortionate rents.

“In June, Sinn Féin tabled our rent certainty bill which proposed to link rent reviews with inflation. If passed this would have put a break on spiralling private sector rents. It would have saved working families up to €2,000 per year.

"The bill was voted down by Fine Gael and Fianna Fáil, which gave a free pass to landlords to keep on hiking up rents. That Fine Gael, the party with the largest proportion of landlords, voted against it was no surprise. But Fianna Fáil went directly against their election manifesto which promised to introduce this very measure.

“The government cannot continually overlook the needs of families who are forced to pay an increasing proportion of their income on spiralling rents. Simply put, if they do not act on rising rents, more families will become homeless, with many more forced into serious financial hardship as a result of the cost of renting a home.

“Whatever concessions may be given to first time buyers in Budget 2017, we must be mindful that this is a government that has let down thousands of ordinary Irish people and families by its refusal to act on inflated rents.”

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