Report Find Private Rents Still Rising

Private rentals across Ireland rose by 5.8% in the last quarter of 2014, with Dublin rents significantly higher than the national average, according to a new report by the Private Residential Tenancies Board (PRTB).

PRTB found that the average cost of an apartment rental in Dublin rose by 10.9% - €1,166 per month, up from €1,051 for the same period in 2013. House rentals in the same region also rose by 7%, up to €1,301 from €1,216.

Following the publication of the figures, Sinn Féin Housing spokesperson Dessie Ellis said that rising rents are putting families at risk of losing their homes and causing severe hardship for low and middle earners.

"This isn't news I've been raising these issues for years. Rents have been going up since this government as there are too few houses available and very high demand. Rents are out of control, especially in Dublin and are putting people at risk of homelessness," Deputy Ellis said.

"The state needs to step in to stop rack renting and to ensure that rents are set at a fair level which takes into account the Consumer Price Index and the quality of the accommodation. Along with significant investment in housing as outlined by Sinn Féin during recent debates in the Dáil we can begin to really tackle housing need and bring rents under control."

The full PRTB report can be read here.


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