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Peter McVerry Trust Reaction to RTB Rent Figures for Q3 2016
Unchecked Rents will Push Many More into Homelessness
Peter McVerry Trust, the homeless and housing charity has called on Minister Simon Coveney to urgently bring forward legislation to introduce rent regulation. The charity was reacting to the latest figures from the RTB which show the cost of renting in Dublin is now 5% above the Celtic Tiger peak.
Pat Doyle, CEO at Peter McVerry Trust said “Rents have risen rapidly over the past number of years and there has been a clear and consistent link between rising rents and new cases of homelessness. The figures released by the RTB today which show Dublin rents are up 7.1% in the past year, are consistent with recent figures from the CSO and Daft.ie which show record rent increases.”
“Peter McVerry Trust is very concerned that continuing to allow the market to determine the cost of renting will only push more individuals and families into homelessness.”
“In December the first tenancies protected under the two year rent freeze will come up for review, meaning that landlords are free to increase thousands of rents in line with the market, a market which they control. If we are to avoid a major spike in rent prices and homelessness in December and into early 2017 then Minister Coveney must move to protect tenants now, and legislate to link rents to the consumer price index.”