Sunday 25 February 2018

Rapid rise in private sector rents a major threat to retail growth and competitiveness

Property prices
Property prices

PJ Drudy

The on-going debate surrounding the rapid increase in private sector residential rents in Dublin and other major urban areas has so far focused heavily on the surging homeless numbers and the effects on the most marginalised in society.

A recent report from the Dublin Region Homeless Executive showed that half of the new homeless families were either evicted or unable to afford a home in the private rented sector.

It is also deeply worrying that the vast majority of the new homeless have never been homeless before. However, in addition to increasing the numbers of homeless, rapidly increasing rents are having troubling impacts on our economy and society, and this has not been sufficiently highlighted to date.

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