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12/11/2019

Average Rents At An All-Time High

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The average rent price across Ireland has reached all time high, rising by 5.2%.

Daft.ie's latest quarterly figures show renters are paying an average €2,044 per month in Dublin, with averages in Cork, Galway and Limerick sitting at €1,372, €1,299 and €1,219 respectively.

These statistics have prompted Labour to call for a rent freeze.

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The party's Housing spokesperson Deputy Jan O'Sullivan said: "After more than three years, it is clear that this Government has failed to get the rental crisis under control.

"Rent pressure zones are failing to cap rents in an affordable way and the 4% annual increases for those that are in leases are simply too high.

"It's time to freeze rents and introduce maximum rents on a regional basis until enough homes have been built to get to grips with the housing crisis.

"Renters need a break and under this Government are simply not getting one."

(CM/JG)

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