Rent in Waterford rising faster than country's average

Sinn Féin TD for Waterford, Conor D. McGuinness, has said the latest RTB figures expose the Government’s complete failure to protect renters, with Waterford experiencing sharper rent inflation than the State average. 

While national rents rose by 5 per cent over the past year, rents for new tenancies in Waterford surged by 7.6 per cent, driving the average rent in the county to €1,317 per month – more than €15,800 a year.

Commenting on the matter Deputy McGuinness said the Government’s proposed changes to rent regulation will push rents even higher and further punish renters already struggling with unaffordable housing costs.

“The latest RTB report shows that rents and eviction notices continue to spiral upwards as the Government’s housing plan continues to fail renters," he said.

"This is yet again further proof that the Government’s housing plan is not working, and Waterford’s above-average rent inflation underlines how acute the situation has become for workers and families here," he added.

Deputy McGuinness also expressed concern over a rise in eviction notices, describing them as having "skyrocketed", highlighting that between July and September this year alone, 5,405 notices of termination were issued.

"That is 35 per cent higher than the same period last year," he said

“The Government’s response has been to punish renters even further," he added.

Deputy McGuinness said that on the flipside the Government had "handed €640m of taxpayers’ money to developers in a VAT cut for apartments that are already being built".

"Now they want to strip renters of the meagre protection they have against rent hikes," he said.

“From March 2026, landlords will be allowed to reset rents to the highest market level for new tenants," he added.

"For many this will mean a massive rent hike at the start of a new tenancy, and everyone else will be hit at the end of the six years. This means that tens of thousands of renters will see their rents rise – effectively wiping out a decade of protection from the Rent Pressure Zones."

He said the Government didn't have to take that approach, commenting: "They could have increased and accelerated the delivery of social and affordable homes by councils and Approved Housing Bodies. They could have supported SME builder-developers, to deliver more good-quality private homes for working people to buy."

“Instead Fianna Fáil and Fine Gael have chosen, yet again, to punish renters, making them pay for over a decade of their failed housing policy," he said.

“It doesn’t have to be this way. The Government needs to wake up and face the reality that its failing housing plan is the cause of the problem. They need to introduce a three-year ban on rent increases and dramatically ramp up the delivery of social and affordable homes."

Deputy McGuinness finished by commenting that renters need a break, not more rent hikes.