October 25, 2020
News

Rising rents in Wicklow ‘out of control’

Rents in Wicklow and the rest of the country are “out of control”, a local TD has said.

Wicklow Deputy John Brady spoke out as he called for cross party support for a new Sinn Féin Bill that seeks to reduce and freeze rents for workers and families.

The Bill was introduced in the Dáil last week and is to be debated in the Dáil tonight.

If the new law is passed, it would result in a freeze on all existing rents and new tenancies for a period of three years. It also calls on the Minister for Finance to introduce a refundable tax credit of up to €1,500 for renters – equivalent to putting one month’s rent back into people’s pockets.

Deputy Brady said: “Rents in this State are out of control and are continuing to rise. In Wicklow rents have increased by 11.9% in the last year.

“It is time to freeze rents and put money back into the pockets of workers and families. Rent Pressure Zones are not working. Even if they were people can no longer afford any type of rent increase.

“Rents in areas designated as Rent Pressure Zones are limited to a maximum of 4% rent increase per year for new and existing tenancies. Even a 4% increase is breaking point for families and workers already struggling with high rents.”

Deputy Brady (pictured below) added: “Now is the time for the Dáil to act and to put a stop to out of control rents.

“This government has given tax breaks to developers, landlords and first-time buyers. It is time to give renters a break.

“Renters deserve better and all TD’s have a chance to give them a much needed break.”

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