Daft.ie report shows government policy continuing to fail renters - Aengus Ó Snodaigh TD
Sinn Féin TD for Dublin South-Central Aengus Ó Snodaigh has said that the Daft.ie rent report published today is further evidence that government policy is continuing to fail renters.
He said what's needed to address the rental crisis is an immediate rent freeze for current and new tenancies and a renter’s tax credit. He said we also need to see the urgent roll out of affordable cost rental homes.
Teachta Ó Snodaigh said:
“The Daft.ie Q2 2019 rent report shows that rents are continuing to rise to increasingly unaffordable levels for most people. The average rent for new tenancies across the State now stands at an all-time high of €1,391. The number of available rental properties is the lowest since Daft.ie reports started in 2006 with just 2,700 homes available.
“Every single county recorded rent increases above the Rent Pressure Zone cap of 4% and thirteen counties have seen double digit rent inflation. In Waterford the year-on-year rent increase is 15.4%, in Galway it is 15.5%, with Kerry, Limerick County and Roscommon recording increases of over 12%.
“Rents in Dublin continue to remain unaffordable, ranging from €1,702 per month in the north of the county to €2,206 per month in the south of the county. In Dublin as a whole, rents have now risen by 101% since their lowest point in mid-2011. There has been no similar increase in wages.
“The government's strategy for the rental sector is clearly not working and Rent Pressure Zones offer no protections for new renters.
“People want to live in good quality, affordable homes near work and close to good public transport links. Most other cities in Europe have gotten this right to varying degrees. Instead of people in our cities, we will get expensive, “cosy” co-living.
“We need to see a rent freeze for existing and new tenancies introduced, alongside a renters tax credit worth a month’s rent.
“The government must also demonstrate its commitment to affordable cost rental accommodation by local authorities and Approved Housing Bodies.
“While the Daft.ie report today references the build-to-rent developments in the pipeline, it won’t make any difference to most people’s lives unless homes are affordable, which they won’t be if rents continue to rise."