Spotlight on Cork's rental crisis
Calls are being made for immediate government intervention as rental prices in Cork city soar.
Calls are being made for immediate government intervention as rental prices in Cork city soar.
Increased demand and lack of supply are being blamed for the hikes which potential tenants have described as extortionate with a 4.5% increase in prices recorded this year.
There are 1,000 fewer properties available to rent in the city compared to five years ago which is resulting in bidding wars and queues of people waiting for apartment viewings on a nightly basis.
The government has said it plans to introduce a system of 'rent certainty' which would prevent landlords from increasing rents beyond the consumer price index unless improvements have been made to a property.
Paul O'Donnell has been searching for accommodation for over a month for his family and he told the Neil Prendeville Show that the demand for rental properties is so high that bidding wars are even occurring for substandard properties.
More from Cork
-
Lord Mayor Of City Felt Privileged To Represent Cork During Such A Difficult Time As He Faces Into Last Month In Office
Councillor Joe Kavanagh will be handing over the mayoral chains outside of City Hall for the first time ever on June 18th due to the pandemic
-
Expert calls for people to reduce meat intake
Eating too much meat can increase the risk of serious illnesses by as much as 30%.
-
International Care Day Is Being Celebrated At The Bessborough Centre In Blackrock Today
The event highlights the positive impact of the experience of young people in care
-
UPDATE: Teenage Girl Killed And Three Teenage Boys Injured In Knocknaheeny Crash
It's understood the teenage driver of the car fled the scene on foot
-
Angry Farmers To Stage Protest Outside Aldi in Mitchelstown Later
They're appealing to retailers to come to the talks table
-
UPDATE: Toddler Who Was Injured At Her Home On The Boreenmanna Road Has Died
The two year-old was rushed to hospital with traumatic head injuries