{"id":2031,"date":"2023-02-13T12:40:38","date_gmt":"2023-02-13T12:40:38","guid":{"rendered":"https:\/\/www.socialdemocrats.ie\/government-must-accelerate-delivery-of-cost-rental-homes-following-latest-daft-report\/"},"modified":"2023-02-13T12:40:38","modified_gmt":"2023-02-13T12:40:38","slug":"government-must-accelerate-delivery-of-cost-rental-homes-following-latest-daft-report","status":"publish","type":"post","link":"https:\/\/www.socialdemocrats.ie\/ga\/government-must-accelerate-delivery-of-cost-rental-homes-following-latest-daft-report\/","title":{"rendered":"Government must accelerate delivery of cost rental homes following latest Daft report"},"content":{"rendered":"<p><em><strong>Average asking rents are now out of reach of most workers, particularly in our cities<\/strong><\/em><\/p>\n<p>Social Democrats Housing spokesperson Cian O\u2019Callaghan has repeated his call for increased delivery of cost rental and affordable purchase homes following publication of the latest Daft.ie report.<\/p>\n<p>\u201cThe most up to date figures on the cost of renting a home in Ireland are bleak. The report found that, at \u20ac1,733 per month, average rent at the end of 2022 was 126 percent higher than its low point of \u20ac765 in 2011. Rents being sought on the open market for the last three months of 2022 were 13.7 percent higher than the same period in the previous year.<\/p>\n<p>\u201cLack of affordability in our cities is an insurmountable challenge for most renters. Last year, the rate of inflation in Dublin was 13.1 percent, bringing average rent in the capital to an extortionate \u20ac2,324 per month. This puts renting in Dublin out of reach for many workers and is resulting in chronic staff shortages across a range of professions, including teaching and in the healthcare sector.<\/p>\n<p>\u201cAt the heart of this crisis is lack of supply, with just 1,096 homes available to rent nationwide on February 1 \u2013 a 20 percent reduction on this time last year.<\/p>\n<p>\u201cThe Government promised 4,100 cost rental and affordable purchase homes for 2022 in its Housing for All plan. However, not only are the targets set inadequate, they are likely to be missed by a considerable distance when the official figures for the year are published.<\/p>\n<p>\u201cIt is clear from the latest Daft.ie report that accelerated delivery of cost rental homes is the only solution to this worsening crisis. The Minister for Housing cannot ignore this reality any longer and must act now.\u201d<\/p>\n<p><em>February 13, 2023<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Average asking rents are now out of reach of most workers, particularly in our cities Social Democrats Housing spokesperson Cian O\u2019Callaghan has repeated his call for increased delivery of cost rental and affordable purchase homes following publication of the latest Daft.ie report. \u201cThe most up to date figures on the cost of renting a home [&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-2031","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 - 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