- Latest Daft report once again shows private rental sector in Ireland is unsustainable -
Fianna Fáil Housing Spokesperson, Darragh O’Brien TD has said that the Rent Pressure Zone System introduced by Government has not worked and has done nothing to slow down the rate of increases in the price of rent across Ireland.
The latest Daft.ie quarterly housing report published this morning indicates that the average price of rent nationwide has risen for the tenth consecutive quarter and has now reached an all-time high.
The average rent in Dublin is now €1,968 per month while the average rent nationwide is currently €1,334.
Deputy O’Brien said, “Often the rental crisis can be wrongly perceived as a Dublin issue but as today’s report shows, the reality is that rent in Cork city and other main Irish cities is creeping up behind prices in the Capital. These increases outside of Dublin are very worrying.
“The cost of rent for graduates coming out of University, those that once emigrated; who are wishing to come home and young professionals is imposing massive stress. I heard from one college course co-coordinator last month that told me of six students in one class that were unable to take up a place to study based solely on the extortionate price of rent.
“This is impacting people’s lives, their livelihoods and their future.
He added, “Trying to manage such a tight budget in the first instance but then to see so much hard earned money be spent in one go on rent each month must be deeply frustrating.
“There are some that dread to see the date come around each month, worried that there will be enough to cover all household bills and rent.
“A whole entire generation have only known the struggle to pay rent to live; they have only known the sacrifices and the immense pressure to save to pay rent and nothing else. The wish to own your own home is entirely out of grasp. It’s just not discussed among friends, it’s off the table.
“Fine Gael’s policies on affordable rent are not working – it’s crystal clear. How much higher can rent go for this Government to act appropriately to finally control the price of rent in this country? , he concluded.