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 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. In the last quarter alone, rents have risen 4.2% and year on year there has been a 14.9% increase.
“This trend in North County Dublin is continuing and is likely only to get progressively worse. In my clinics every week I meet people in distress due to rent increases, lack of available accommodation in their price range and, ultimately, homeless.
“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.
“Some families who are on low income are paying up to 60% of their disposable income on rent. Rents in Dublin rose by an average of 4% in the final three months of 2016, the largest three-month increase on record ever. Who knows, in the next three months it could raise by another 4% but we cannot let this happen.
“A change must be made. We cannot let people become homeless due to not being able to pay rents and Sinn Fein are willing to do everything they can to prevent this from happening. We have proposed solutions to this which, despite the alarming trends visible to everyone including the Minister, the Government has refused to act on.
“The Minister must accept that rent certainty linked to the consumer price index is now required as a matter of urgency; a proposal put to him on multiple occasions by my colleague Eoin Ó Broin TD. Minister Coveney must reconsider his rent pressure zone strategy and legislate for real rent certainty.”