Only 3% of private rentals available to Hap tenants, study finds

• Published date: 15 April 2024
• Author: KITTY HOLLAND
• Publication title: Irish Times (Dublin, Ireland)

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The Locked Out of the Market report, released quarterly by the Simon Communities, finds just 3 per cent of homes to rent in the private market were available to Hap-dependent households – down from 4 per cent in 2023, 8 per cent in 2022 and more than a quarter (28 per cent) in 2021.

The report series examines the rental market in representative areas and counts the total number of private rented properties available.

This latest report, which looked at availability on March 11th, 12th and 13th, found 1,180 properties available “to rent at any price” in Dublin city centre and south and north city; Cork city centre and suburbs; Limerick city centre and suburbs; Galway city centre and suburbs; Waterford city centre; Sligo town; Co Leitrim; Athlone; Portlaoise; Kildare; and Dundalk.

Although this is a 3 per cent increase from the 1,149 properties available in December, and a 77 per cent increase since March last year, there were significant regional disparities.

Decline

More than three-quarters (77 per cent) of the homes were in the three Dublin areas, while eight areas saw a decline in properties available at any price – Cork city centre (-13 properties), Cork city suburbs (minus one property), Dublin city centre (-21 properties), Dundalk (-10...