Sinn Fein says the ongoing rental crisis is a ‘generational catastrophe.’
The latest report by Daft.ie shows rents nationwide have increased by 6.7 per cent in the third quarter of the year.
There were only 1,460 homes available to rent on November 1st, the lowest since records began in 2006.
In the Dail, Sinn Fein leader Mary Lou McDonald has laid the blame at the Taoiseach’s door.
"Your refusal to take urgent action means that this crisis has become a generational catastrophe."
"Workers and families, young people can't afford these rents."
"They don't stand a chance."
This is not a Dublin-only problem. All parts of the country are showing unprecedented scarcity in availability. This graph is Limerick city... 11 homes to rent now (vs. 400 a decade ago)! Viability is the problem outside Dublin - the country needs lower construction costs. pic.twitter.com/rFxaFLboRS
— Ronan Lyons (@ronanlyons) November 10, 2021
Figures Are "Unprecedented"
The figures are unprecedented, according to Daft.ie.
Just 1,460 homes were listed to rent on the property website on November 1st.
It's almost half the previous lowest amount recorded two years ago.
That is also the lowest since records began in 2006.
The report's author Ronan Lyons says the availability of rentals is at an all time low.
"So I gave that figure of 600 properties usually available to rent in Connacht in Ulster."
"At the moment there's 150."
"That shows you just how bad things are, no matter where you go around the country at the moment."
"Even in Dublin, and these are numbers we haven't seen since we started compiling these figures in 2006."
"It's really unprecedented."
