Alarm at rising rental costs’ – Kelly

Sinn Féin Councillor Colly Kelly  has expressed alarm at new figures which show that renting privately is becoming more expensive.

Responding to the figures contained in the Homelet Rental Index, he  said:

“Average rent in the private sector has risen by 2.4% here compared to an increase of 0.9% in Britain.

“This increase is not being driven by a rise in prosperity. It is being driven by the failure to build sufficient social housing, which is forcing more and more people into the private market.

“These figures have been released just days after research by the Nevin Economic Research Institute linked higher rents in the private sector with poverty.

“Lengthy waiting lists for social housing and higher private rents is the price ordinary families pay for the failure to build sufficient social houses to meet need.”