Daft.ie Report Confirms Tipp Rents Have Increased – Mattie McGrath

Independent TD Mattie McGrath has described the latest analysis of rent increases in Co. Tipperary by Daft.ie as incredibly disturbing and a source of deep concern to countless numbers of families. Deputy McGrath was speaking after the property website confirmed in its Rental Price Report Q1 2018 that the average rent in Tipperary is now € 751, a 3.3% increase on the last quarter and an almost 10% increase on the same period last year:

“These statistics prove that all the efforts being forward by the government in terms of reducing rents in rent pressure zones are having no meaningful effect whatsoever.

According to Daft.ie rents rose nationwide by an average of 11.5% in the year to March 2018. This represents the eighth consecutive quarter in which annual inflation in rents has been greater than 10% and also that a new all-time high has been set.

The Report goes on to say that there were just 3,086 properties available to rent nationwide in April and that this is the lowest number ever recorded for this time of year since the series started in 2006.

In Tipperary the annual increase in rent for a one bed apartment rose by 13.4%. For a two bed house the rent rose by 12. 3%

For a three and four bed house the annual increase in rent was 10.7% and 11% respectively.

For a five bed the rent went up by 7.2%.

All of this clearly demonstrates that far from the housing crisis de-escalating or slowing down, it is actually getting worse right across the board in terms of unaffordable rents.

In light of that the government needs to radically change how it is approaching this national emergency,” concluded Deputy McGrath.

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