Wexford Rentals & Property Management fears that new pressure will emerge from the new Central Bank mortgage rules which came into effect last weekend.
These rising rent will push more people into homelessness!
The recent DAFT report states that Rental prices rose by almost 10% nationwide last year, while most buyers will now have to save deposits of 20% of the price of a property before securing a mortgage.
This can only lead to more people staying in rented accommodation resulting in a much greater demand on already stretched housing resources in every County.
The rules will restrict tenants and would be home owners now, unwillingly, to stay renting for long periods, pushing up rental costs further!!!
