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Friday, 14th May 2021

Louth/ Meath rent increases 'shameful' – Munster

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Local TD Imelda Munster and Fianna Fail Housing Minister Darragh O'Brien.

“Yet another example of the government’s utter failure to resolve the housing crisis.”

Sinn Féin TD Imelda Munster has described excessive rent rises in Counties Louth and Meath as “shameful” and “yet another example of the government’s utter failure to resolve the housing crisis.”

The latest rent report on shows that the average cost of rent in Louth has increased by 4.7% since the same period last year, and the average cost of rent in Meath has increased by 4.9% in the same period.

 “These figures make for very disturbing reading” Teachta Munster said.

“The average rents in Louth and Meath now stand at €1,311 and €1,415 respectively, but we know that the reality is that people are paying much more than that.

 “Rents in both counties have increased by almost 5% since this time last year, and we have seen a quarterly rise of 2.5% in Meath and 2.1% in Louth which is very worrying indeed.

“This is a problem across the state. The report shows that while asking prices are down in Dublin, year on year increases in cities like Waterford, Cork, Limerick and Galway are 8.3%, 6.3, 6.3% and 6.1% respectively.

“In rural areas rents are skyrocketing, with increases in Kerry of 10%, Roscommon 9%, Clare 9% and Sligo and Leitrim of just over 8%.

“These shifts in prices are a reflection of an increase of supply in Dublin due to people moving home or because people are priced out of Dublin, and due to remote working they can work outside of the city.

“This government and the previous government have done nothing to offer security for tenants. The new government isn’t bringing forward any measures to tackle this.

“This week Sinn Féin put forward solutions in a Dáil motion. The three government parties voted against it.

“We want to see a ban on rent increases for three years followed by rent certainty, we want tenancies of indefinite duration to be immediately introduced. 

“We need to double capital investment in the provision of social and affordable housing and deliver 8,000 affordable homes per year, with 4,000 of these to be cost rental.”

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