Mortgage curb to send rents through the roof

Tenants in the capital look set for double-digit hikes in rents next year.

12th October, 2014
Dublin rents: set to rise.

Tenants in the capital look set for double-digit hikes in rents next year, as a new Central Bank plan to curb mortgage lending drives up demand for rental properties.

The Central Bank last week unveiled plans to cap mortgage lending, with proposed restrictions on the amount that can be borrowed set to come into force from January 1. The proposals mean most borrowers will need a 20 per cent deposit to buy a home.

Housing experts predict...

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