Rents spiral despite Minister's claims that there are bargains 'at a fraction of headline figures'Private rents rose by 6.3pc in the year to January, despite overall prices going up by just 0.2pc, according to the Central Statistics Office. The new figures come after Junior Finance Minister Michael D'Arcy created a political storm when he said there were rents in Dublin "at a fraction of headline figures". Speaking on Tuesday, Mr D'Arcy said: "There are other places that are available for rent for a fraction of what's being quoted in the headline figures. Asked if Mr D'Arcy's comments were a mistake, Mr Ring replied: "I wouldn't speak for a colleague of mine." Communications minister Mr Naughten brushed aside the question saying: "There are different circumstances right across this country."

Source: Irish Independent February 16, 2018 02:15 UTC