Tuesday 27 June 2017

Downsizing empty nesters would help ease housing gridlock

'Rent levels are high because there are too many people who have to rent'
'Rent levels are high because there are too many people who have to rent'
'Meanwhile, in Tyrrelstown, Dublin 15, the vulture capitalists have swooped in – meaning that tenants there will have nowhere to call home, as 200 families renting homes in the area are facing eviction'

Lorraine Courtney

The housing and rental crisis featured large during the General Election campaign, with lots of name calling for past failures to build new homes and vague promises that more would be built.

But now it's official: rents are now higher than 2007's crazy levels. The average cost of renting a house in Dublin is now €1,430 a month.

A city apartment will set you back €1,312. This means that rents in the capital are almost half a per cent higher than they were in 2007. We've surpassed 'peak boom'.

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