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Coveney imposes 'rent punishment' on struggling tenants - Eoin Ó Broin TD

13 December, 2016 - by Eoin Ó Broin TD

Sinn Féin housing spokesperson Eoin Ó Broin TD has described Minister Coveney's new rent measures as 'rent punishment not rent predictability'. The Dublin Mid-West TD said that 'rather than putting a break on rent increases his plan allows landlords to increase rents by 4% a year every year for the next three years".

Speaking today after the launch of the government’s strategy Deputy Ó Broin said:

“Minister Coveney’s plan fails struggling renters. Rather than putting a break on rent increases he is allowing landlords to increase rents by 4% every year for the next three years.

"At the core of Coveney's strategy is a guaranteed rent increase of 12% over three years. This will continue to heap pressure on struggling renters and lock low income families and single people out of the rental market.

“A family renting an average home in Dublin for €1,500 per month will pay an additional €4,500 in rent over the next three years thanks to Minister Coveney.

"In Cork City, families will be out of pocket by an extra €3,200 over the same period.

"Low and middle income families and single people simple do not have this money. They cannot afford further rent increases.

"For those living outside these so called 'rent pressure zones' rents will continue to rise. The latest quarterly rental report for showed that tenants in Galway City faced an average annual rent increase of 10.9% and in Limerick it was even higher at 13.2%.

"Minister Coveney and his cabinet colleagues clearly do not understand the huge pressure low and middle income earners are under due to out of control rents.

"Minister Coveney has clearly got it wrong today on rents. Last week, when opposing Sinn Féin's Private Members Bill on Rent Certainty, Fianna Fáil said that if Coveney did not deal with this issue in his strategy they would table their own legislation.

"As Minister Coveney intends to legislate for his rent plan this week in an amendment to the Planning and Development (Housing) and Residential Tenancies Bill, there is now an opportunity for all of us who are serious about rent certainty to work together.

"I have today e-mailed Fianna Fáil Housing Spokesperson Barry Cowen seeking an urgent meeting to see how we can best cooperate to table a cross party amendment this week to do what Minister Coveney and his colleagues in Cabinet are clearly not willing to do, namely to give struggling renters a break."

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