'It's clearly not working': TDs hit out at Rent Pressure Zone laws as prices continue to soar – thejournal.ie

Image: Mark Stedman via RollingNews.ie Image: Mark Stedman via RollingNews.ie

A NUMBER OF politicians have criticised rent control laws following a new report outlining that rents in every county in Ireland rose by 11.3% in the year to September. 

The latest Daft.ie quarterly report found that the average monthly rent nationwide is €1,334, which is €304 higher per month than at the Celtic Tiger peak. 

In Dublin, rents are now 36% higher than their previous peak a decade ago, with people now paying €520 more to rent in the capital. 

Meanwhile, in Limerick city rents were 20.3% higher than a year ago and 19.7% higher in Waterford. Galway saw a somewhat smaller increase of 16.1%, while in Cork, rents rose by 13.7% in the same period. Outside the five main cities, rents rose by an average of 10.6%.

The lowest average rents were found in Leitrim (€577)

Continue reading this atricle at https://www.thejournal.ie/rent-pressure-zone-criticism-4335147-Nov2018/