Rent increases for tenants on the Westmeath side of Athlone have been capped at 4% per year in a bid to curb the recent dramatic rise in housing costs.
The Athlone local electoral area in Westmeath – which includes the east and west sides of the town centre, as well as communities such as Moydrum, Castledaly and Glasson – was one of 19 new areas that were added to the national list of Rent Pressure Zones last week (Tuesday, July 2).
The measure was taken after average rents across the whole of county Westmeath rose by a whopping 13.3% during the twelve month period up to the end of March.
However the parts of Athlone that are in county Roscommon, including popular residential areas such as Monksland and Bealnamulla, have not been included in the new Rent Pressure Zone designation.
The rent pressure zone announcement was made on the