According to new figures published by the Residential Tenancies Board, the average cost of rent in Dublin is now €1,500 per month. This makes it the most expensive place in Ireland to rent a property.
The Dublin based Senator raised the surge in rent prices during this morning’s Order of Business in Seanad Éireann.
She said, “The Taoiseach seems to be living in some parallel universe to insinuate that the rental market is stabilising. Any suggestion that new tenancies rents are slowing down is not just an insult to those continuing to struggle to fork out the cost but also indicative of Fine Gael’s lack of will to better support those in need of more affordable housing in Dublin.
“Rent in Dublin is pricing more and more people out of suitable housing and is all too regularly driving tenants into substandard accommodation being put on the market by rogue landlords.
The latest figures reveal that rent pressure zones are absolutely not working and it is imperative that their feasibility is re-examined by the Department.
“These rates are now not just unaffordable for the average working family but for young professionals working in the city too. The prospect of saving for a mortgage or not falling into debt to meet the cost of rent in the Greater Dublin Area is becoming even further out of reach.
The Senator concluded, “I have called on the Minister for Housing, Eoghan Murphy to come before the Seanad to discuss both the rent crisis and the lack of proper social and affordable housing in the Capital.”