{"id":1963,"date":"2022-11-22T10:53:57","date_gmt":"2022-11-22T10:53:57","guid":{"rendered":"https:\/\/www.socialdemocrats.ie\/latest-daft-report-paints-a-grim-picture-of-rental-market\/"},"modified":"2022-11-22T10:53:57","modified_gmt":"2022-11-22T10:53:57","slug":"latest-daft-report-paints-a-grim-picture-of-rental-market","status":"publish","type":"post","link":"https:\/\/www.socialdemocrats.ie\/ga\/latest-daft-report-paints-a-grim-picture-of-rental-market\/","title":{"rendered":"Latest Daft report paints a grim picture of rental market"},"content":{"rendered":"<p><em><strong>Figures show Government\u2019s housing plan is an abject failure<\/strong><\/em><\/p>\n<p>The latest Daft report paints a grim picture of Ireland\u2019s rental market and is further proof that the Government\u2019s housing plan has failed, according to Social Democrats TD Cian O\u2019Callaghan.<\/p>\n<p>Deputy O\u2019Callaghan, who is the party\u2019s Housing spokesperson, said:<\/p>\n<p>\u201cThe latest Daft report is a stark reminder of the scale of the crisis, both in terms of increased rents and the shrinking supply of properties.<\/p>\n<p>\u201cAccording to the report, the average rent sought for a home nationally between July and September was a record 14.1 percent higher than it was during the same period last year.<\/p>\n<p>\u201cThe average monthly rent for a residential property across the country was \u20ac1,688, a 4.3 percent increase on the previous quarter and the largest quarterly increase recorded by Daft since 2005.<\/p>\n<p>\u201cWith just 1,087 homes listed nationally on Daft, it is clear that shortage of supply is driving up rents to unsustainable levels, with 60 percent less homes available than last year. In Dublin, the increase was 14.3 percent, with average asking monthly rent at \u20ac2,258.<\/p>\n<p>\u201cThe figures show that the Government\u2019s housing plan is an abject failure.<\/p>\n<p>\u201cThe Government have been patting themselves on the back on the basis that 28,000 homes are predicted to be delivered this year. This is despite a general consensus that at least 40,000 new build homes are needed each and every year.<\/p>\n<p>\u201cThere has been a complete failure to regulate short-term lets, which is having a disruptive effect on the supply of long-term rental homes. There were 35,000 vacant rental homes on the night of the census \u2013 many of them empty as they are used as short-term lets.<\/p>\n<p>\u201cWe need an end to constant Government spin on housing and a new focus instead on delivering homes that are affordable to rent and buy.\u201d<\/p>\n<p><em>November 22, 2022<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Figures show Government\u2019s housing plan is an abject failure The latest Daft report paints a grim picture of Ireland\u2019s rental market and is further proof that the Government\u2019s housing plan has failed, according to Social Democrats TD Cian O\u2019Callaghan. Deputy O\u2019Callaghan, who is the party\u2019s Housing spokesperson, said: \u201cThe latest Daft report is a stark [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1499,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[278,10,7],"tags":[],"class_list":["post-1963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cian-ocallaghan","category-housing-crisis","category-press-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Latest Daft report paints a grim picture of rental market - Social Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.socialdemocrats.ie\/latest-daft-report-paints-a-grim-picture-of-rental-market\/\" \/>\n<meta property=\"og:locale\" content=\"ga_IE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Latest Daft report paints a grim picture of rental market - Social Democrats\" \/>\n<meta property=\"og:description\" content=\"Figures show Government\u2019s housing plan is an abject failure The latest Daft report paints a grim picture of Ireland\u2019s rental market and is further proof that the Government\u2019s housing plan has failed, according to Social Democrats TD Cian O\u2019Callaghan. 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