Sinn Fein TD Maurice Quinlivan
A REPORT published on property website Daft.ie this week has shown an increase of 13.2% in rent costs in Limerick in the past year.
The rent costs are substantially higher than their previous peak in 2008 before the recession hit, and this is the largest annual increase since the report began in 2002.
The figures for the city show that the average rent for a one-bed flat is €630, a two-bed is €724, a three-bed is €874, a four-bed is €951 and a five-bed is €1,068.
In the county areas, the average rent for a one-bed flat is €447, a two-bed is €524, a three-bed is €632, a four-bed is €688 and a five-bed is €733.
Responding to the report, Sinn Fein TD Maurice Quinlivan has urged the government to look again at introducing rent certainty to alleviate pressure on struggling households.
“The Government’s national housing policy is hugely dependent on the private sector providing the bulk of housing to tackle what is a national housing crisis.
“The consequences of these continuous rent increases are not trivial and they affect everyone dependent on the private rental sector for accommodation.
“Working families are increasing becoming homelessness because they often earn too much to apply for social housing support or too little to either rent privately or buy their own home.
“The situation is such that many parents have to decide between paying rent and covering increasing cost of living expenses like back to school costs and rising cost of insurance and other utility bills.
“With more people than ever now in emergency accommodation across the state and here in Limerick it is clear that household poverty is increasing. The government must recognise that rent certainty is key to alleviating pressure on these households,” explained the Limerick TD.
Labour spokesperson on housing, planning and local government deputy Jan O’Sullivan has also called for rent certainty.
“These latest rental figures make for grim reading. I would ask the Government to bring certainty and comfort to people and families who are continuing to face these rising rents,” she said.
For more information, visit https://www.daft.ie/report to see the full report.