Cost-rental homes: How can you rent for 30% below market rates?

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Some apartments in these schemes will cost you 30% less than prevailing market rates

Minister for Housing Darragh O’Brien: A spokesman for Clúid says it is “very conscious” of the increasing need for one-bed homes in Ireland. Photograph: Nick Bradshaw

Did you know that you can now earn more than €80,000 and still benefit from State support which could see your rental costs slashed by potentially as much as 30 per cent? Yes, thanks to a scheme launched last year, middle-income earners, who would traditionally have been outside the scope for State support, can now benefit from below-market rents. Not only that, but if and when your income should rise, you can remain in your home, as tenancies are secured for six years and will automatically roll over thereafter unless there are issues.

 

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