H/T to @SeamusCoffey for flagging the following chart from the CSO:
Two things of note:
- The 'deleveraging' of costs in Ireland (remember the 'competitiveness gains' meme?) is obviously not touching state-controlled rents that remain at the levels compatible to those in early 2008, while private rents index is running around early 2006 levels; and
- Since 2011 - when the current Government (led by the 'rip-off Ireland' opponents from the FG) came to power - Local Authority Rents are back on the rising trend.
Here is the same CSO data charted in its full glory and rebased to 100 = average for 2003
- Actual Rentals (Housing and Mortgage Interest inclusive) down 8.28% in Q4 2013 compared to Q1 2007 average
- Actual Rents Paid by Tenants are down 2.32%
- Private Rents are down 6.61%
- Local Authority Rents are up 25.97%
You know... 'protecting the worst-off' thingy etc, etc, etc...