Rental crisis: soaring cost of new leases pricing out middle earners
Smart Money: big gap emerging between new tenants and those with an existing lease
When people on average wages cannot afford rents then they are too high. Photograph: Irish Times Graphics
The supply of rental properties by the private sector looks unlikely to meet demand for many years to come. Photograph: Alan Betson / The Irish Times
The rental situation is becoming ever more difficult for those looking for somewhere to live, as costs for new rents soar above Celtic Tiger peaks. But how do we judge the overall position of the market, is there a bubble in the rental sector or is this the new reality?
And should the Government become more directly involved or will that just cause more problems?