Navan is to be designated a Rent Pressure Zone, as the latest Rent Index from the Residential Tenancies Board (RTB), shows that the town Limerick City East meet teh designated criteria.
Following designation as an RPZ, rent increases in these areas are limited to a maximum rent increase of four per cent per annum.
The standardised average rent in Navan has grown greater or equal to seven per cent in the last six consecutive quarters, and for the first time in Q4 2018 the average rent, at €1,154.19, was above the national standardised average rent.
The Navan LEA consists of; Ardbraccan, Bective, Navan rural and Navan urban. Navan is now the fourth LEA in County Meath to be designated a Rental Pressure Zone, after Ratoath, Ashbourne and Laytown-Bettystown were designated as RPZs in 2017.
Continue reading this atricle at https://www.meathchronicle.ie/2019/03/28/navan-declared-a-rent-pressure-zone/