Eoin Ó Broin (Dublin Mid West, Sinn Fein)
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The agency's one-bedroom and two-bedroom units are also very expensive. The rents are actually higher than the Residential Tenancies Board figures for average rents for existing renters. I live not very far from that location. In fact, I live in a more advantageous location in terms of access to services and public transport. While I live in and rent an older building, the LDA's rents are almost €600 more than the standardised average rent for an equivalent property of the same size and same location. However, they are lower than new rents. The problem is that more renters live in existing long-term rentals in that area. At some point, if the private rental market tips, the LDA's rents could be higher than new rents in that area over the lifetime of the cost rental, because the LDA is locked into those rents.