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Tuesday, 14th May 2019

SF calls for freeze as average rent in Louth hits €1206

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Deputy Gerry Adams.

Louth TD Gerry Adams has warned that the “housing crisis under this Fine Gael government and its Fianna Fáil partners is driving more and more people into debt and homelessness”.

The Sinn Féin TD called for an “immediate rent freeze on all new and existing tenancies” in an effort to get to grips with the crisis in the rental sector and for a “significant investment in affordable cost rental accommodation and a new build programme for social and affordable housing”.

“The first quarterly rent report for 2019 reveals that the cost of new tenancies continues to increase in Louth and across the state. At the same time the number of properties available to rent is also falling” Adams said.

According to the average new rent across the state is now €1,366. Every county recorded rent increases above the Rent Pressure Zone cap of 4%. The average rental for Louth is €1206 which is an increase of 7.6% on last year.

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Thirteen counties had double digit rental inflation. All counties outside Dublin witnessed rent increases of over 8%, with Waterford hitting 16%, and Galway almost hitting 17%.

“It is clear that the Governments rental sector strategy is not working. The Rent Pressure Zones are now effectively meaningless for new renters” Adams said.

“Urgent action is needed. Sinn Féin is calling for a rent freeze for existing and new tenancies. We also want a refundable renter’s tax credit worth a month’s rent. In addition, there needs to be a major programme of Government investment in affordable cost rental accommodation by Local Authorities and Approved Housing Bodies.”

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