Fianna Fáil Spokesperson for Dublin, John Lahart TD has said that rocketing rental prices in Dublin are forcing many people to return back to the family home and even leave employment in the city as they are being priced out of the market.
Deputy Lahart was commenting after the latest quarterly rental report by Daft.ie indicated a 12.3% increase in the average cost of rent for a one bed apartment. According to the data, the average price of rent for a one bedroom apartment in the city centre is currently €1,819.
He explained, “The remarks made today by Eileen Gleeson of the Dublin Region Homeless Executive are a concern, suggesting as they do, a very serious misunderstanding of the nature of this crisis. There are currently 3,000+ children who are living in homelessness through no fault of their own. The comments will also have hurt and infuriated the hundreds of thousands of hard-working young people treading close to the edge of homelessness in Dublin should rent continue to become so expensive.
“The rental crisis is affecting all ages, all demographics and all incomes. Whether it’s a single person renting on their own, a student sharing a house, or a young family renting while saving for a mortgage, people are simply being priced out of private rental accommodation.
“As a consequence, many are being forced back to live with their parents while others have had no choice but to leave employment or a position to take up a job elsewhere where rent is more affordable.
“The current housing crisis is not a complex situation. It’s a simple explanation to be frank; we have a lack of social, affordable and private housing across the Capital. Supply is the only solution to cater to the underlying housing demand.
“With prices rocketing for rental accommodation, many are being forced home to live with their parents. We already have one of the highest levels of young adults in Europe living at home with their parents.
He concluded, “More streamlined planning including a less bureaucratic procurement process at local authority level and broader access to affordable credit need to remain at the core of allowing the market to respond to the housing crisis.”