Sky high Louth rents signal massive government policy failure – Adams
Sinn Féin President and TD for Louth Gerry Adams TD has called on the Minster for Housing Eoghan Murphy to take decisive action on crisis rents
Teachta Adams made the call as figures published by Daft.ie show rents have reached a new record high.
Accommodation in Louth continues to soar beyond the reach of many, with an average rent of €1066. Daft.ie data shows that rents in commuter counties like Louth are up by approximately 75% since 2011.
Teachta Adams said:
“Daft’s figures for the third quarter of 2017 show that rents are continuing to rise to unsustainable levels.
“Louth fares badly in comparison with other counties. A one bed apartment rents for €767; a two bed house for €889; and a three bed house for €1065. The data shows an increase of 16.5% above previous peaks.
“Rents are rising while supply is at an all-time low. The rent pressure zone policy introduced by government to restrain rents has merely created a two tier rental sector which punishes struggling renters.
“When the state stops building social housing, it forces everyone into the private rental sector. Increased demand and the government’s refusal to deliver genuine rent certainty are major factors in this crisis.
“Sinn Féin has tabled Bills and amendments calling for the introduction of real rent certainty. Fine Gael and Fianna Fáil failed to support our measures, which would have created real breathing space for tenants. Current government housing policy is a massive failure.”