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  • Northside East

More bad news this morning for Dublin renters

Friday, 4th May, 2018 11:47am
More bad news this morning for Dublin renters

Average rent in Dublin is now close to €2,000 a month

More bad news this morning for Dublin renters

Average rent in Dublin is now close to €2,000 a month

The latest Housing report paints a stark picture of the rocketing price of rent in Dublin.

Responding to this morning’s figures, Fianna Fáil Housing Spokesperson, Darragh O’Brien, said it is abundantly clear that the Government must dramatically change its approach in trying to curb the rising rents.

The report indicates that the average price of rent in Dublin has reached a record high and is currently 23 percent higher than ever previously recorded.

Deputy O’Brien commented: “News that the average rent price in our capital has reached such a peak, coming close to €2,000 a month, will be demoralising to so many across Ireland this morning.

“A 12.4 percent rise year-on-year is categorical proof that this Government’s ill-thought, underwhelming measures are not working.”

He added: “Rising costs in rent are not just confined to Dublin either; prices are, in fact, continuing to shoot up elsewhere in the country too. Galway, Limerick, Waterford and other places around the country such as Tipperary and Louth have all risen by over 10 percent.

“People are forking out for rent increases that are thirty times inflation – is it any wonder that there are more people forced out on our streets than ever before?”

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