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Renters across Ireland have faced an average rent increase of 11.7% in the first three months of 2022, a new report has revealed.
The latest Daft.ie rental report showed the average monthly asking rent in the first three months of 2022 was €1,567.
Sinn Féin representative Eoin Ó Broin TD has spoke against the soaring rent, with 22 counties facing double digit rent inflation.
"Rents are continuing to soar outside the Dublin area, with rents increasing by over 20% in Leitrim, Roscommon and Donegal," said Teachta Ó Broin.
"Double digit rent increases are not being accompanied by increases in wages and with the cost of living skyrocketing, workers and families will struggle to meet these rises.
"The government's 2% rent cap is clearly not working.
"We need a ban on rent increases on all existing and new tenancies, and we need government to put money back in renters' pockets through a refundable tax credit worth a month's rent.
"Government must also accept that we need to see affordable cost rental housing delivered at scale - at least 4,000 units per year to meet affordable rental demand."
