Rent pressure zones have had a “moderating” effect on rent inflation, but two in five tenants are still seeing increases above the 4 per cent annual cap, new research has found.
The report by the Residential Tenancies Board (RTB) shows rates in rent pressure zones (RPZs) would be 3 per cent higher if the restrictions were not in place.
Landlords operating within RPZs cannot increase rents by more than 4 per cent each year.
Larger reductions in rental inflation within RPZs were seen in counties Louth and Galway, than was evident in Cork and Dublin.
RTB’s director, Rosalind Carroll, said the research is a sign that rent regulation is “starting to work”.
While she welcomed the slowed growth, Ms Carroll said there was still a “level of non-compliance within the RPZs”. Two out of five tenants living in restricted zones saw increases of more than 4 per cent.
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