11th June 2018
HIGH RENTS UNSUSTAINABLE - Young Families Stuck In Costly Private Rental Market Until Government Tackles Housing Supply
The cost of rents and the rate of increase over the past five years are unsustainable for young families, even with the rent pressure zones. Fianna Fáil TD for Dublin Mid-West John Curran has said that young families are being forced by the Government to remain in the costly private rental market as a direct result of the Government’s failure to deliver on housing supply. Speaking in the Dáil on the Residential Tenancies Bill, Deputy Curran said;
“Many of the issues relating to rent, residential tenancies and the high rents being charged are a result of supply and demand. Many people who are in private rented accommodation do not want to be there. They are applicants, people on social housing lists and people who ordinarily might want to buy their own house, and no properties are available. Everybody is being squeezed into what is now a very tight market. Until the Government significantly increases
supply, this problem will persist.” “Until we get to a stage where we have adequate supply in the market, we are not dealing with the fundamental issue of housing. We are bringing in somewhat temporary solutions, such as rent controls, but these are not getting young families out of the prohibitive private rental market and into their own homes. Housing projects are simply not moving quickly enough. In October 2016 Deputy Noonan announced €50million in
funding to support the construction of the necessary infrastructure to subsequently support housing development. Virtually none of this funding has been drawn down. That money has to be spent to provide the enabling infrastructure to develop the housing projects. The cost of rents and the rate of increase over the past five years are unsustainable for young families, even with the rent pressure zones. They are consuming too much of a person’s income, especially in the greater Dublin area. The situation will not change until we radically address the supply side. The Minister and the Taoiseach previously said there would be 3,800 social houses however; they will not name the schemes that make up the promised 3,800 houses. The Government is hiding behind big numbers without providing the detail.” “It’s no surprise then either that it is a sheer lack of political will that’s preventing both
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