THE latest rental report from Daft.ie shows that rents are continuing to rise across the state, with renters in Limerick facing hikes of 8.9 per cent annually. The average monthly asking rent for the third quarter of 2021 in Limerick City was €1,373.
The supply of rental properties is also at an all-time low, with only nine homes currently available to rent in Limerick City, with just five of those suitable for families.
Limerick TD Maurice Quinlivan commented: “The Daft.ie rental report for the third quarter of 2021 shows that the average asking rent in Limerick City is up almost 9 per cent, Limerick County has suffered a worse increase at over 13.2 per cent. These rent rises are the first data set reflective of the changes made to the rent pressure zone legislation which linked rents in inflation.
“This is a huge expense for households to burden. The rental crisis continues unabated. Minister for Housing Darragh O’Brien’s ham-fisted attempts to tweak failing rent pressure zone legislation has failed and has left thousands of renters struggling to keep a roof over their heads. This unfortunately has come as no surprise as we predicted this would happen.”
The Sinn Féin TD continued: “It is clear from this report that affordable rental supply is pretty non-existent now in most parts of the state. Sinn Féin has a plan for the rental system. It is a plan that is fully costed and researched. We would ban rent increases. We would introduce a refundable tax credit to ease the burden we would fundamentally overhaul the housing system and prioritise the delivery of genuinely affordable homes. We would deliver 4,000 affordable rental and purchase homes annually.”
