The Threshold housing charity has welcomed the designation of Limerick City East and Navan as rent pressure zones but reiterated calls for a rent register to ensure the regulation of rent increases across the State.
The charity noted that last year’s seven per cent increase in average rent, coupled with the 10,264 people living in emergency accommodation, further highlighted the “affordability crisis” and “financial hardship” faced by many in the private rental sector.
Threshold chief executive John-Mark McCafferty said the classification of Limerick City East and Navan as rent pressure zones was welcome but came too late. Tenants in Limerick City East paid €266 more in rent in the fourth quarter of 2018 when compared to the same period in 2016, he said, while rents in Navan rose by 32 per cent. Rent increases in these areas will now be limited to a maximum increase of four per cent per
Continue reading this atricle at https://www.irishtimes.com/news/social-affairs/rent-pressure-zones-in-navan-and-limerick-city-east-have-come-too-late-1.3842353