Just two properties available to rent in Dundalk for singles or couples on rent supplement or HAP
There are just two properties available for singletons and couples to rent in Dundalk using the Rent Supplement/Housing Assistance Payment (HAP), according to a new report from the Simon Communities.
The Locked Out of the Market report found that there were just 37 properties available to rent in the town over three consecutive days in May.
According to the Simon Community, just two of those 37 listings advertised on property website Daft.ie would have been affordable to single people or couples within the Department of Social Protection Rent Supplement (RS) limits and Department of Housing, Planning and Local Government’s HAP limits.
This is an improvement from the previous reports in November and March which showed there were no properties available to people in this category receiving rent supplement or HAP.
The situation did improve when it came to couples or single parents with one or two children with 11 properties available to them under RS/HAP limits in Dundalk.
In both cases Dundalk had the highest number of available properties for people in the various categories.
The report found that the average monthly rent for a one bed property in Dundalk was €520 to €750, with the RS/HAP limit €575. By contrast two bed properties for couples/single parents with two children averaged €800 to €3,500 but these were more affordable with the RS/HAP limit €1,050 in this case.
While in total 17 properties were available to people receiving HAP with children, this represented a decline of two properties since the last report in November 2017 and a drop of nine properties from this time last year.
According to the latest Daft.ie report rents in Louth increased by an average of 13.5% in the year to Q1 2018. Since RS/HAP limits were increased in Quarter 3 2016, rents in Dundalk have increased by 23% according to the Daft.ie quarterly reports.
The study found that just 8% of properties available to rent nationwide were within the Rent Supplement and HAP limits.
It also showed that in eight out of the 11 areas examined, there were one or no properties available within rent payment limits.
Simon Communities said this was the lowest since Rent Supplement and HAP limits were increased in July 2016.