Sinn Féin - On Your Side

Coveney’s inadequate proposals ignore suburban Cork - Donnchadh Ó Laoghaire TD

13 December, 2016 - by Donnchadh Ó Laoghaire TD

Sinn Féin TD Donnchadh Ó Laoghaire has criticised the proposals contained in the Government document 'Strategy for the Rental Sector.' as inadequate, and allowing for further significant increases in rent.

He also criticised Minister Coveney for failing to include parts of suburban Cork which are among the worst affected areas by rent increases.

Deputy Ó Laoghaire said;

"It is extraordinary, that one of the areas which have the most competitive markets in Ireland, with rents rising at a frightening rate, is excluded.

"Douglas, Rochestown, Ballincollig, parts of Togher, Grange, Donnybrook - none of these areas will benefit from these measures.

"In the Minister's home of Carrigaline, the average rental price of a property, today is over €1200. Above the average for Cork City, way above the National Average, yet it has been excluded even from this inadequate proposal.

"Yet again, Metropolitan and Suburban Cork is being ignored on Housing matters -  there is a need for Rental measures for the Municipal Districts bounding and essentially part of the City.

"In general, The Minister has today failed to grasp this issue. He has issued a report, which is vague, repeats announcements already made, and which has as it's headline proposal, a policy is utterly inadequate, and will facilitate rent increases.

"Rents have been a runaway train, especially in Cork, for quite some time. We have seen some of the highest increases, and the last report showed the average rent in Cork Cork is €1,051 up a staggering 18.2% on last year.  

"Inherent in the Minister's proposals is the idea that further increases are sustainable. Instead of a break on rent increases he is allowing landlords to increase rents by 4% every year for the next three years, so essentially tenants will generally see an increase of 12% over three years. For someone in an average 3 bed that could be as much as €3200 by the end of the three years.

"So the pressure keeps piling on, and families and households will continue to have to deal with forever increasing Rents. We would have linked increases to the rate of inflation, the CPI, a much fairer measure which would have increases.

 "We will be putting pressure on Fianna Fáil to ensure that they back real rent certainty, instead of a 14% rent increase over the next three years, when the vote happens in the Dáil next week.”

Connect with Sinn Féin