Clúid Housing noted that rising construction and finance costs hinder the cost-rental sector's ability to meet the increasing demand. The budgetary pressures limit opportunities for expansion and thus affect housing accessibility.
In 2022, Clúid reported over 3,000 applications for just 230 units in Dublin's Airton Plaza, revealing a stark competition driven by the pressing housing crisis and a lack of availability.
For new developments, eligibility criteria focused on income limits draw attention, particularly in Dublin where the threshold for applicants is capped at €66,000. This highlights a key hurdle for many potential renters.
Despite lower rental rates, many applicants remain ineligible based on stringent criteria or fail to finalize applications, indicating that while demand is high, actual accessibility to affordable rentals remains constrained.
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