RENT BOMB

MAS­SIVE 50 PER CENT IN­CREASES MAY FORCE RE­TAIL­ERS OUT OF BUSI­NESS

Bray People - - Front Page - Mary FOG­A­RTY

SHOPS in Bray may be forced to close their doors in the new year as re­tail­ers re­port mas­sive rent in­creases, in some cases soar­ing by 80 per cent.

One man run­ning a small shop in the town said that his rent last year was € 10,000. Own­ers have told him, through their agents, that they will seek pay­ments amount­ing to €18,000 in the com­ing year.

‘80 per cent is ef­fec­tively putting you out of busi­ness,’ said the re­tailer, hor­ri­fied at the crip­pling in­crease. ‘It would make you won­der are they try­ing to do just that.’

He added that trade is quite slow now. ‘Rent should be go­ing down not up.’

Pres­i­dent of Bray Cham­ber, Eu­gene Fin­negan, said that the cham­ber had re­ceived com­plaints about large rent hikes and was in­ves­ti­gat­ing.

‘I have re­ceived re­ports of in­creases of around 40 per cent or 50 per cent. We will see how much in­flu­ence we will be able to have.’

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