Further to results from Daft.ie that showing rents now risen ‘by 70% on average – 87% in Dublin, 68% in the other cities and 53% elsewhere – from their lowest point’ a decade ago.
In Dublin rents are 30% higher than their Celtic Tiger peak.
The Social Democrats have called for an an emergency rent freeze across the country.
Soc Dem co-leader Catherine Murphy said:
“It’s not good enough that the government continues to throw struggling renters upon the mercy of a market where there is an acute lack of supply and where the going rates for rental properties are totally out of whack with many people’s incomes.
“In our Alternative Budget 2019, the Social Democrats proposed a two-year emergency rent freeze across the country. It is abundantly clear that rent pressure zones are failing to curb soaring rents. We need a stronger solution to the current crisis.
The only option now is for the government to bring in an emergency rent freeze that will at least give renters some certainty about their weekly or monthly outgoings.”