Independent TD Mattie McGrath has described the latest findings from the Daft.ie Rental Report as deeply alarming for Tipperary. Deputy McGrath was speaking after statistics in the Report confirm that for the 27th quarter in a row, rents have risen nationally, quarter-on-quarter. They also show that for the 13th time in those 27 quarters, rents rose quarter-on-quarter not just on average nationally but in each of the 54 markets analysed in the report:
“The average rent in Tipperary has now risen by 10.8% to €832.
This will cause huge amounts of anxiety to all those families and individuals who remain dependent on the rental market for a roof over their heads.
What is also deeply troubling is the finding that as on May 1st, there were just 2,700 properties available to rent nationwide on daft.ie.
This is the lowest ever figure for stock on the market, in a series that goes back to the start of 2006.
If ever there was a categorical indictment of government policy; then this is it.
It highlights that all of their policies directed toward avoiding enormous rent escalations have been an abysmal failure.
The findings for Tipperary are truly frightening.
They show that while the average mortgage for 3 bed house is between €458-€580; the average rent for the same property is €762.
The average rent for 2 Bed House in Tipperary is now €655. An increase of 8.3% since the last Report.
Last week the Dáil declared a Climate Emergency. This Report clearly shows we are in a sustained period of Rental Catastrophe,” concluded Deputy McGrath.