Finance Minister Paschal Donohoe defending Government's housing policy
There's growing pressure on Cabinet to tackle investment funds buying up Irish housing.
Senior Ministers met yesterday but it could be weeks before emergency legislation is in place.
A Sinn Fein motion on the issue was debated in the Dáil last night.
Minister Donohoe defended the Government's record on housing delivery:
"Even with all of the challenges that we have faced, and are facing with COVID in opening up our construction sector, getting it up and running again, it's still the case that for this year, the single largest provider of homes in this country will be the government, either directly or indirectly."
Meanwhile the cost of renting went up by 2% nationally in the first quarter of this year - the largest increase in a three month period since 2018.
The latest Daft.ie report shows the average rent nationally is more than €1,400 and up over 90% on 10 years ago.
The average rent in Cork City has increased 6.3% year-on-year to €1,483 while renters in the county are paying €1,137- an increase of 8.7% in the same time.
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