ESRI says affordability pressures for renters 'likely to worsen' – TheJournal.ie

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RESEARCH PUBLISHED TODAY found many renters face long-term affordability pressures as they are more likely to work in the sectors worst hit by the pandemic.

The research was done under a programme of work between the Department of Housing, Planning and Local Government and the Economic and Social Research Institute (ESRI) to examine the short-term impact of the pandemic on rental affordability and missed payments for private renters who were not previously in receipt of State housing supports.

The research found that one-in-three renters who had missed payments had faced considerable affordability challenges prior to Covid-19.

Despite the closure of many businesses during the lockdown as well as cuts to pay in many companies, the ESRI said economic pressures are not likely to have worsened during this time because of reduced spending in other areas such as childcare, transport

Continue reading this article at https://www.thejournal.ie/renters-covid-5162027-Jul2020/