Dublin’s demise continues – where is the rent freeze?
Responding to news that Dublin is now the sixth most expensive capital city to rent in the world, Labour housing spokesperson Rebecca Moynihan said the city is haemorrhaging young people, creatives and life long Dubs as a result of extortionate rents. Reiterating calls for a three year rent freeze, Senator Moynihan said Dublin is now being held up as a test case of what not to do.
Senator Moynihan said:
“Who would want to be a renter in Dublin? We are now placing number six and there’s virtually nothing in the difference between renting in Dublin or London, Washington, Hong Kong or Singapore. It is an absolute failing of government policy and it will have lifelong implications for this city.
“Dublin is increasingly becoming a city for elites in society and it’s closing its doors on the people that make this place great – our artists, storytellers and young people. It’s also losing its heritage with so many of the next generation of Dubliner’s being forced to the country because they simply cannot afford to rent in this city.
“The city is now just an investors paradise. Labour has long called for a three year rent freeze to give renters a break while new housing comes into the market. In fact, if we don’t implement a rent freeze there’s no doubt that we’ll find ourselves runner up on the list, losing out to Monaco.
“We need to tackle the affordability crisis in Dublin and change how we think about renting in this country.”