Eoghan Murphy speaking to the media about details of the housing budget at Government Buildings. Image: Leah Farrell Eoghan Murphy speaking to the media about details of the housing budget at Government Buildings. Image: Leah Farrell HOUSING MINISTER EOGHAN Murphy has said he believes the rate at which rents are rising will moderate in the next couple of months.
While Finance and Public Expenditure Minister Paschal Donohoe said “the high cost of renting is a key concern for this government” the Budget contains little in terms of the rental sector. The research shows that there has been a moderation in price inflation of 2.5% to 3% per annum within the designated RPZ areas.Murphy said today that he is “putting the money behind” the new Residental Tenancies legislation, to ensure that it can be enforced.
In terms of rent inflation, “quarter to quarter, you seen that rate of increase moderate, and we think it will moderate further. But we have to recognise as well, that it’ll never come down to a pure 4%”. Murphy said he believed a percentage of 4% across the board will not be achieved due the increase in supply, “which does push the number above four percent”, he said.
He’s so useless. 🙄
Ah that's fine so u muppett
I actually can't criticise Eoghan Murphy anymore. It's unfair to discriminate against someone who clearly can't understand the function of what they are doing
The only way to describe MurphyEoghan is that he is either the best fisherman ever who is taking the piss out of people while pissing himself laughing or that he is quite possibly the biggest clueless nonce this country has ever known
I believed he would be sacked last year but hey that’s belief for you. Sometimes it’s wishful thinking
It should be scrapped. There not another industry in the country where the government tell you that you cannot get as much as possible for your product.
And the state is still not building houses for needy Irish people. Plenty of money available to renovate hotels for immigrants. Murphy will be remembered as the Minister for no Housing.
Rent control is a tax on landlord caused by civil service and politicians not doing the right thing by simply getting more homes built .very easy to get done but the can’t work it out
Is this click bait?
👍👍 Average rents in my area have more than doubled in the past few years, but you do you.
Rent controls are NOT working.
It’s the way he tells them!
The Minister is right. Rents will moderate but only if the status quo is maintained. If more and more legislation is passed as is the want of Threshold. Landlords will flee the market. The answer is to enforce the multiplicity of laws that are currently there, not introduce more
More spin
But the housing minister is about as dumb as a bucket of shrimp
You are a blatant liar Murphy, fg have stymied the rental market and until rents are reduced by a third, nothing is working.
Common Sense: Rent controls NEVER work. EVER. Over the intermediate and long term, rent controls stifle housing supply, which increases selling prices, thereby reducing housing affordability. Ireland excels at creating and applying really stupid housing policy.
What an idiot can you even belive this guy theres a crisis and this is what he comes out with
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: thejournal_ie - 🏆 32. / 50 Read more »
Source: thejournal_ie - 🏆 32. / 50 Read more »