Renting residents need proper security
WHILE house prices have dropped quite a bit, monthly rents have more or less stayed the same.
During the Celtic Tiger era single people with good salaries decided that it would be better to buy a house rather than pay rent that was equivalent to the average mortgage. But things have changed. Single people with a mortgage are struggling as a result of the levies of recent Budgets.
In mainland Europe, rented accommodation is secure, rents can only be raised by landlords when major upgrades are made to apartments. Here in Ireland, rented accommodation is poorly regulated.