Cork South Central TD, Micheál Martin has said that as a result of Fianna Fáil’s intervention, an additional 34,000 households in, and around, Cork City will benefit from the recently announced rent certainty measures.
Fianna Fáil fought hard to ensure that the proposals being put forward by the Government were expanded to include communities on the outskirts of Cork City that are experiencing extremely high rent increases.
“Towns such as Douglas, Ballincollig and Carrigaline will now be incorporated into the proposals. Data from the Residential Tenancies Board will be used to determine whether the Carrigaline-Ballincollig Local Electoral Area will be designated as a Rent Pressure Zone and benefit from the annual 4% rent increase cap,” said Martin,
“Despite Fine Gael’s insistence on keeping the 4% cap, renters in suburban Cork towns and villages will, at the very least, have certainty in their rent increases over the next three years,” said the Fianna Fáil Leader.
“Average rents in Douglas have increased by 16% over the past year, with Ballincollig rents increasing by a massive 23%, and Carrigaline renters being forced to absorb a near 13% increase.”
“These measures will give certainty to private renters, especially young families saving for a deposit for their first mortgage.”
“This isn’t a silver bullet for the housing crisis in Cork. An increased number of public and private housing must be built to ensure that supply meets the growing demand in our communities,” concluded Martin.