Increased supply is solution to soaring rent says Simon Coveney

Increased supply is solution to soaring rent says Simon Coveney

The Minister for Housing has said increased supply is the solution to bringing down soaring rent prices.

Simon Coveney thinks the more starter homes we build, the cheaper rental prices will be.

However, the latest figures show the rate of growth for rents in the private sector has slowed down slightly.

But the latest quarterly index from the Residential Tenancies Board, shows rents still grew by 8.6% by the end of March.

Minister Coveney has said we need a more stable rental market: “The solution here is supply.

“A lot of supply, but we also need to understand and consider rent certainty.

“I mean if you look at other cities around Europe, we will see lots of people choosing to rent for a lifetime because they have security into the future about rental accommodation.”


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