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Time for immediate government action on rental inflation

Time for immediate government action on rental inflation- Deputy Quinlivan

Sinn Féin TD and member of the Dáil Housing and Homeless Committee, Maurice Quinlivan has repeated his call on the government to declare a housing emergency and implement a number of immediate measures to tackle soaring rents across the state especially here in Limerick.

Commenting today on the figures in the latest Daft quarterly rental report, Deputy Quinlivan said:

“This report states that rent continue to rise and at the same time availability vanishes.

“For the first time since the second quarter of May 2008 the average rent across the state is above €1,000, standing at €1,006.

“In Limerick, the picture is even bleaker for renters, with rental inflation for the year to March 2016 increasing by a massive 12.7%.”

Quinlivan continued: “This massive increase in rents combined with a severe shortage of properties available are also a huge concern. This combined with the abject failure of the previous Government to build social and affordable homes is the root cause of this crisis.

“The government’s draft programme for government did not reference any form of rent certainty or rent controls as being viable tools to provide some security for tenants.

“Recently at the Dáil Housing Sub-Committee, Minister Noonan firmly ruled out rent certainty saying that the market was sacrosanct and could not be interfered with. This is the same rental market that was allowed to skyrocket before the recession and led to so many losing their homes. We can see history repeating itself before our very eyes.

“The new housing Minister Coveney must revisit this omission and introduce real rent certainty as a matter of urgency.

“Rent increases and decreases must be linked to the Consumer Price Index and housing assistance payment rates in Limerick must be adjusted in line with current market rents.

“The Government’s recent housing plan “Social Housing Strategy 2020” which is based on delivery of 100,000 homes 80% of which was to be delivered by private market, now lies in tatters.”