New Cork rent zones not enough, says housing charity

New Cork rent zones not enough, says housing charity

Rents for Cork city increased by 2.2% over the last quarter from €1,133 to €1,158, while county areas increased by 3.1%. 

FERMOY and Midleton have been added to the list of rent pressure zones in Cork, but it is not enough according to the Cork head of the National Housing Charity Threshold.

The commuter towns were among 19 new areas now protected by the legislation that has been extended to the end of December 2021.

The news was announced along with the latest figures which showed that rents for Cork city increased by 2.2% over the last quarter from €1,133 to €1,158 and a year on year increase of 7.1%.

Across the county, rents increased by 3.1% from €1,021 to €1,053 in the last quarter with a year on year change of 9.9%.

According to the Residential Tenancies Board’s rent index, Cork was one of six counties where the standardised average rent exceeds €1,000 per month along with Dublin, Wicklow, Kildare, Meath and Louth.

Cork also had an annual growth rate that was greater than 9% the same as Carlow, Kerry and Sligo.

Regional head of Threshold Edel Conlon welcomed the designation of rent pressure zones in Midleton and Fermoy, however, she said it is not enough.

“Rents in Mallow, Bandon, Macroom continue to rise and it’s disappointing that tenants still have to live in fear of receiving huge rent hikes in these areas as they are not protected under the rent pressure zone legislation.

“All of Cork City and County needs to be covered by the rent pressure zone legislation and it was a missed opportunity when they recently amended the legislation to do so.”

Ms Conlon said that tenancy termination queries continue to be the number one query people are approaching Threshold for advice.

“There is a real threat of homelessness for everyone in the private rented sector if they receive a Notice of Termination.

“Rents are just not affordable and the Housing Assistance Payment rates need to be reviewed as soon as possible to give people any chance of securing a property.

“How can people save to purchase a property if they are continuously being faced with increasing rents?”

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