HAP led to increase in rental market competition – report – The Irish Times

The Housing Assistance Payment (HAP) has led to an increase in competition in the rental market, a new KPMG report has said.

The report also stated that houses and apartments are being built at a very slow rate in Dublin city and county, leading to a lack of supply and rising rents.

The report, which was first covered by the Sunday Business Post, also said people were being forced into the rental sector as they could not afford to buy a home.

The report included modelling exercises from both the ESRI and KPMG, which indicated that Dublin city will require more than 42,000 additional housing units over the next 10 years.

KPMG warned that the current housing targets for Dublin may not be met. “The consented pipeline of 22,009 units in Dublin City still leaves a large gap in achieving the minimum target of 42,000 units by 2030,” it said.

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