Search Results for 'Affordable housing'

Rents are continuing to rise in the city, with a recent report showing they have increased by more than eight per cent, while homelessness in Galway has risen by 42 per cent in the last 12 months.

“Would it be ambitious to try and deliver 20,000 public homes in a year? Yes, but we need that scale of ambition. We have to deliver affordable and social homes for purchase and rent, because this crisis will continue to get worse.”

Problems for tenants with the high cost of accommodation as a proportion of their income and arrears on mortgage, rent and utility bills are an indication of the continued social and economic impact of the high cost of accommodation generally in Ireland according to the National Social Monitor – Ireland Social Scoreboard published by Social Justice Ireland.

The Residential Tenancies Board (RTB) has published the quarterly Rent Index for the July to September period (Q3) of 2021.

O’Donnellan and Joyce witnessed a lot of inquiries for every property brought to the rental market. This of course varied on price range but rents overall were stronger than 2020. By Q2 2021 the market was back in full swing with a huge demand for properties and high prices being achievable. Where no restrictions applied, the rents exceeded previous prices achievable. This shows the pent up demand there was and the need for accommodation.

Welcoming the most recent CSO Rental Sector in Ireland Report, IPAV, the Institute of Professional Auctioneers and Valuers, said it is long overdue and fills a major knowledge gap in the market.

The phenomenon of spiralling rents in Galway city is a “sobering reminder” that the current government does not have the political will to deal with what is now a “crisis".

With rents having increased by 8.3 per cent according to the latest Daft.ie report, the Government’s announcement of a two per cent rent increase cap in RPZs is “worse than useless”.

A development in the Merlin Woods area involving 103 units with 85 to be affordable homes was approved at Monday’s meeting of the Galway City Council.

Initiative Ireland (www.initiativeireland.ie) have published its fourth annual housing report, entitled Housing 2021.