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Morgan condemns rocketing price of rent

13 June, 2007

Reacting to report published today which shows the cost of rents rising well ahead of increases in earnings Sinn Féin Housing spokesperson Arthur Morgan TD said the new Government administration must reverse the amendment in the Planning and Development Act 2000 which allows developers to buy their way out of their obligations to provide social and affordable housing.

The Louth TD said, "The Daft Rental Report has shown that the number of properties available to rent has dropped by 20% and the amount of rent people are paying is going up. It is ridiculous to think that the average level of monthly rent that people are now paying is €1,382. What we need is a robust, all-Ireland tenant protection regime to protect the equal rights of all to adequate and appropriate housing alongside reform of the Planning and Development Act. Currently people are forced to rent sub-standard expensive private accommodation because of the shortage of social and affordable housing.

"Sinn Fein proposes to significantly increase regulation of the private rented sector including strengthening rent protections as well as bringing tenant protection into line with international human rights standards. Sinn Fein would also propose introducing a system of rent control that guarantees a fair rate of return for landlords and is linked to both the Consumer Price Index and the quality of the property.

"Some areas have experienced 50% increases in rents. This cannot be allowed to continue." ENDS

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